Deputy Prime Minister Gu Yoon-cheol: "Digital assets are changing the economic paradigm... The government will make every effort to improve regulations"

Deputy Prime Minister and Minister of Economy and Finance Gu Yoon-cheol emphasized that as digital assets change the economic paradigm, the government will make every effort to improve regulatory systems.

On the 7th, Deputy Prime Minister Gu Yoon-cheol stated in a congratulatory address at the KBIPA Digital Asset TF inauguration ceremony held at the National Assembly Library's main auditorium that "the blockchain-based decentralized system is driving changes that go beyond mere technological advancement, transforming economic structures, financial systems, and even the entire lives of citizens," and added, "In line with these changes, the government will do its utmost to ensure that the Republic of Korea can leap forward as a leading nation in the global digital economy."

He also added, "While establishing the institutional foundation such as preparing the phase 2 virtual asset legislation, we will work to promote regulatory innovation and expand infrastructure so that innovation can flourish based on the creativity and technological capabilities of the private sector." Furthermore, he said, "The Digital Asset TF is expected to contribute to the sound growth and development of the digital asset industry and serve as a bridge for policy communication between the public and private sectors."

Deputy Prime Minister Gu reaffirmed, "The government will continue to listen to your voices and provide policy support to foster a healthy and sustainable digital asset industry ecosystem," and expressed, "I hope today's inauguration ceremony will become a milestone that opens a new future for Korea as a digital powerhouse."