Min Byoung-dug says digital asset framework law should pass before January 2027

Min Byoung-dug, a lawmaker from South Korea’s ruling Democratic Party, said a basic law on digital assets should be passed before January 2027, Digital Asset reported. Speaking at DCON 2026 in Seoul on Nov. 10, Min said legislation has been delayed several times and can no longer be postponed. Min said the bill should pass during the current regular parliamentary session, or by Jan. 18, 2027 at the latest, and added he believes the ruling and opposition parties have nearly reached agreement. Min also said there are concerns about collecting taxes before putting the basic law in place, adding that discussions on delaying digital asset taxation have underscored the urgency of enacting the legislation.