Democratic Party, ‘Korean Stablecoin’ Payment Promotion… Integration of Digital Currency into K-content Industry

Min Byeong-deok, A Democratic Party Lawmaker Active In The Institutionalization Of Virtual Assets (Source: Law Leader)

The Democratic Party Is Moving To Strengthen Digital Currency Sovereignty Centered On Won-based Stablecoins. According To The Korea Economic Daily On The 21st, The Democratic Party Is Considering A Plan To Establish ‘Korean Stablecoins’ As A Payment Method In The Content Industry Such As K-pop And Webtoons. Through This, They Aim To Increase The Digital Usability Of The Won In The Global Content Market And Expand The Blockchain-based Payment System.

Min Byeong-deok, A Democratic Party Lawmaker, Stated On His SNS That “Local Currency Can More Easily Realize Policy Effects When Designed As A Blockchain-based Digital System.” He Criticized The Remarks Of Lee Jun-seok, A Presidential Candidate Of The Reform New Party, Who Recently Expressed A Negative View On Stablecoins In A TV Debate, As Having An “Anti-crypto View.”

Lawmaker Min Has Announced The Proposal Of The 'Basic Digital Asset Act' To Incorporate Digital Assets Into The Institutional Framework. Discussions On Introducing Stablecoins, Which Could Expand Beyond The Content Industry To The Administrative And Financial Sectors, Are Also Gaining Momentum In The Political Arena.