Democratic Party Ando-geol “Will prepare legal basis for Won Stablecoin”… announcement of regulation on issuance, management, and protection

Democratic Party Chasing US Stablecoin Legislation (Source: Nate News)

Democratic Party Member Ahn Do-geol Is Moving To Establish A Legal Foundation For The Systematization Of Won-based Stablecoins. According To News1, Ahn Plans To Promote Legislation Containing Major Contents Such As △ Collateral Asset Requirements △ Integration Plan Within Currency Management System △ Policy Foundation For Ecosystem Construction △ User Protection Measures Including Stablecoin Issuance Qualifications And Licensing Requirements.

Ahn Stated, "The Bill Will Focus Beyond Simple Technology Approval, On Ensuring Financial Market Stability And User Trust," And Announced A Policy To Prepare A Sophisticated Law After Going Through A Public Discussion Process Through The Formation Of A Task Force (TF) With Related Agencies.

The Institutional Movement On Won-based Stablecoins Is Drawing Attention As An Opportunity To Address The Opaque Issuance Structure And Financial Regulatory Gaps Raised So Far. This Legislative Initiative Is Expected To Have Considerable Impact On The Reliability And Scalability Of The Digital Asset Industry.