the Democratic Party launches the crypto Committee

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The Partito Democratico della Corea del Sud, the main political force of the country, has officially established a new body dedicated to the development and regulation of the crypto sector. The Committee for Digital Assets held its first meeting on May 13 in the Members’ Hall of the National Assembly in Seoul, marking a significant step towards more structured governance of digital assets in the country. This move is part of a context of growing global attention towards valute digitali. In particular, stablecoin, and it reflects South Korea’s desire to position itself as a significant player in the cryptocurrency landscape. A new initiative to regulate and promote the crypto sector in South Korea  During the inaugural meeting, the committee members emphasized the urgency of addressing the regulatory uncertainty that still surrounds the sector.  Among the priorities that emerged, the need to regulate stablecoin – particularly those pegged to the US dollar – and to define a regulatory framework that promotes both investor security and technological innovation stands out. The committee aims to actively collaborate with regulatory authorities to resolve existing issues and create a favorable environment for the growth of the sector. The objective is twofold: on one hand, to protect consumers; on the other, to encourage the development of a competitive and transparent ecosystem. A distinctive element of the new committee is its mixed composition, which includes both prominent political figures and representatives from the private sector.  Among the members are Min Byeong-deok, president of the National Assembly and now also president of the committee, Yoon Yeo-joon, president of the permanent general electoral committee. Finally, Maeng Seong-gyu, president of the committee for muksanism. To these are added Kim Byeong-gi, member of the National Assembly, and the former president of the Assembly Kim Jeong-woo. According to ChosunBiz, the committee will…