[Blockchain Today Correspondent Han Ji-hye] The Korea Digital Asset Business Association (Chairman Kang Seong-hoo) said, “President-elect Yoon Seok-yeol adopted a policy to preoccupy the global market for new-concept digital assets, which is still a communist state, from the process of the transition committee activity as a national task, and promptly We hope that we will continue to do so systematically,” he said on the 11th.
“The race to preoccupy digital assets is intensifying, with President Biden signing an executive order on the 9th to begin research on digital currency at the federal level for the first time in US history,” he added.
The Federation said, “In 1994, the Kim Young-sam government adopted informatization as a national task for the first time in state affairs and established the world’s first Ministry of Information and Communication, laying the foundation for Korea to become an information and communication technology (ICT) powerhouse. I hope that the Digital Assets Committee (tentative name), a ministerial-level ministry equivalent to that of the committee, will be established to preoccupy the global market for new-concept digital assets that are not yet communist.”
On January 19, during the presidential election campaign period, the Digital Industry Promotion Agency was established to serve as a new concept digital industry control tower such as coins and non-fungible tokens (NFTs). Finance and taxation (Ministry of Finance), exchange management Establish a cooperative system among related ministries such as supervision (Financial Services Commission), technology development (Ministry of Science and Technology), human resource development (Ministry of Education), and industry promotion (Ministry of Industry), and communicate with the public/private/industry/academic/research/public ” has promised.
The association further said, “The elected person should start with the administratively possible actions without the legislative process of the National Assembly.”
According to the announcement, the association first evaluated that as a result of the Moon Jae-in government neglecting digital assets for the past five years, investor damage has been increasing and the industrial ecosystem has been devastated. Creation ▲Creating a new concept digital industry ecosystem such as technology development, human resource training, industry promotion, etc. ▲Fostering global unicorns and platform companies ▲Ultimately establishing and promoting a five-year comprehensive plan for the new concept digital asset industry that can preoccupy the global digital asset market ordered
Then, as an urgent task, the real names of the coin market exchanges reported and accepted by the financial authorities to protect investors in consideration of the announcement that the damage to privately listed virtual assets amounted to 3.7 trillion won when the coin market exchange was closed (Korea Fintech Association) He emphasized that the plan to expand the issuance of accounts should be prepared as soon as possible.
In addition, “Considering that two out of seven unicorn companies that the government announced as of the end of last year are virtual asset operators and that virtual assets have recently become a global trend, the related laws allow virtual asset companies to be designated as venture companies. We need to revise the ordinance,” he said.
In October 2018, the Ministry of SMEs and Startups classified the ‘blockchain-based crypto asset trading and relay business’ into the same type of business as entertainment pubs, gambling houses, and dance studios. Article 4) has been amended.
Lastly, in the association, the winner promised ▲ permit domestic issuance of digital assets (ICO), fostering specialized financial institutions that link digital asset trading accounts and banks, unfair transactions and unfair profit recovery due to market price manipulation, hacking, and system errors. Enactment of the ‘Digital Asset Framework Act’ with the introduction of an insurance system as the main focus He requested that a tentative name) Digital Asset Institutionalization Committee be formed, and that future-oriented and vivid opinions will be gathered and reflected, and promptly pursue it.
The Federation said, “The Democratic Party of Korea, the leading party with 172 seats, also reflected on the neglect of virtual assets for the past five years during the election process as the same as the policy of isolationism at the end of the Joseon Dynasty, and announced a number of virtual asset-friendly pledges.” In order to fulfill the promise, which is a promise, we need to cooperate bipartisan in the process of National Assembly activities, such as legislation to foster a new concept digital asset industry by the president-elect and the next government,” he emphasized.
Kang Seong-hoo, chairman of the Federation, evaluated, “Korea has secured global competitiveness in new industrial digital assets” and said, “On the 17th, at 10 am in the small meeting room of the National Assembly Library, the next government digital Asset policy and promise implementation direction policy forum was held, and opinions from the National Assembly, the government, experts and academia, organizations and companies were collected and suggested to the acquisition committee. We will carry out various activities starting from the operation process of the transition committee so that it can be carried out systematically.”
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