South Korea's Democratic Party aims to propose final digital asset act in September

South Korea's ruling Democratic Party is aiming to introduce the final version of its Digital Asset Basic Act this September, IT Donga reported. At a seminar on July 15, Democratic Party lawmaker Park Min-gyu stated that the bill's introduction would likely occur in September due to the party's internal schedule, which includes a national convention and the formation of a new task force. The seminar was co-hosted by the Digital Asset eXchange Alliance (DAXA) and crypto think tank MRI. Attendees at the event also called for the swift legislation of a won-backed stablecoin and the Digital Asset Basic Act, citing the evolving regulatory situation in the United States.