South Korea's Democratic Party Accelerates Digital Asset Legislation, Cites Five-Fold Growth in Tokenized Asset Market

On June 22, Democratic Party lawmaker An Do-gyeol announced South Korea will accelerate digital asset legislation in the second half of 2026, emphasizing the sector's role as critical financial infrastructure. An cited rapid growth in the tokenized real asset market, which surged from $5.5 billion in January 2025 to $32.4 billion currently. He pledged to expedite passage of the Digital Assets Basic Law in the second parliament session and pursue follow-up legislation, including amendments to the Electronic Financial Transactions Act, to enable stablecoins for payment and settlement systems.
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