South Korea Launches Digital Asset Committee for Crypto Policy
By: live bitcoin news|2025/05/15 10:00:13
0
Share
South Korea’s Democratic Party launches Digital Asset Committee. The committee focuses on crypto regulation and innovation. Major exchanges like Upbit, Bithumb join discussions.A Digital Asset Committee has been established by the South Korean Democratic Party. This committee will be responsible for formulating policy for the cryptocurrency business. The move is in a bid to fill the regulatory gaps and promote industry growth as the country gears up for elections.The first meeting of the committee was held on May 13, 2025, at the National Assembly. It aims at establishing a complete framework for digital assets with an emphasis on stablecoins and market modernization. Some of the big cryptocurrency exchanges such as Upbit, Bithumb, and Coinbit attended the discussions, clearly indicating industry support.Committee Targets Regulatory ClarityThe Digital Asset Committee has two sub-groups to operate through. One is policy and legal frameworks-oriented and has a view to setting clear regulations for cryptocurrencies. The other one focuses on industry innovation, looking at the ways to foster blockchain technology and digital assets growth.“The aim is to make our capital markets modern but stable, “said a Democratic Party official during the meeting. The creation of the committee is a sign of South Korea’s desire to be at the forefront of blockchain and digital finance at the global level.Regulation of stablecoins is one of the main priorities. The Bank of Korea has stressed the need to have licensing authority on won-based stablecoins, citing the role played by the oversight in financial security. A representative of the central bank said that regulators need to highly regulate stablecoins linked to their currency to avert risks.Observers perceive the committee’s activity as a response to the increased public interest in cryptocurrencies. Millions of people in South Korea trade digital assets, and the country ranks among those with the highest percentages of cryptocurrency usage. However, due to the absence of clear regulations, there have been concerns as far as fraud and market volatility.Industry and Political ImplicationsThis initiative of the Democratic Party has come at a crucial time. As the presidential elections draw closer, the policy for cryptocurrency has become a point of focus of the voters. The committee’s work would determine the next administration’s strategy for digital assets, which may impact South Korea’s economy.When the committee was established, the main exchanges expressed satisfaction with the decision. “We take a positive approach to initiatives aimed at establishing a transparent regulatory environment”, said Upbit, South Korea’s largest crypto exchange. Bithumb and Coinbit also shared the same sentiments and promised to cooperate with the policymakers.Min Byeong-deok, a man who is known for his advocacy of technological innovation, is the chairman of the committee. During his watch, the group intends to seek the opinion of industry experts, scholars, and international regulators to come up with a balanced policy.The desire of South Korea to regulate crypto is in line with global trends. Countries such as the United States and Singapore have come up with a framework that governs digital assets, finding a balance between innovation and consumer protection. South Korea wants to follow suit, using its technological power to attract blockchain investments.The establishment of the committee has led to debates on the role of South Korea in the world crypto market. With its developed tech infrastructure and an active trading community, the country is in a great position to shape digital asset standards globally. Yet, there are still issues such as the need to strike a balance between regulation and innovation, as well as the issue of concerns about financial crime.The post South Korea Launches Digital Asset Committee for Crypto Policy appeared first on Live Bitcoin News.
You may also like

The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat
Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money
There is more and more to do.

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies
The value of tokenized products ultimately depends on whether the underlying structure is sound, rather than just the price displayed on the interface.

$75 billion in risk asset redistribution: How will SpaceX's IPO affect U.S. stocks and Bitcoin?
The SpaceX IPO is short-term "capital competition" for the cryptocurrency market, while in the medium to long term, it leans towards "narrative endorsement" for Bitcoin.

Why Is BlackRock Investing $5 Billion in the SpaceX IPO?
What is driving the massive demand for the SpaceX IPO, and why did BlackRock place a $5 billion order? Learn how the historic listing could impact SpaceX stock, Bitcoin, SPCX, and crypto markets.

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena
Overview of Important Market Events on June 10

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?
The Bitcoin L2 star project Botanix announced a gradual shutdown, with the team admitting to facing severe challenges from the failure of its business model and the prevailing trends. Users are urged to withdraw all assets before July 9, 2026.

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?
Oracle's revenue for fiscal year 2026 set a record, with AI cloud orders soaring to $638 billion, but massive capital expenditures on computing power led to negative free cash flow, causing a 5% drop in after-hours stock prices.

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins
The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?
How to reconstruct the prediction market using leverage?

Galaxy in-depth report: Is Solana still worth paying attention to?
Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market
The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts
SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.
The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.
The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.
Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.
The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.
Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11
a16z Crypto Partner: Cash flow is the moat
Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
