Democratic Party to introduce stablecoin bill after June elections

South Korea's Democratic Party plans to introduce legislation on stablecoins after the local elections in June, according to Assembly member Kim Hyun-jung, a member of the party's Digital Asset Task Force. Speaking on April 22, Kim stated that a legislative subcommittee on the matter is also expected to convene after the elections. Kim expressed confidence that the bill will ultimately pass, citing positive comments on stablecoins from the new Bank of Korea Governor Shin Hyun-song. He added that the task force is considering a meeting with Governor Shin following the elections.