A “policy seminar to foster a healthy virtual asset market” was held at the first seminar room of the National Assembly building in Yeouido, Seoul, on the 20th.

The seminar, co-hosted by the Seoul Blockchain Fintech Support Center, the Korea Fintech Association, and the National Assembly’s Office of Cho Myoung-hee, was attended by experts from various fields, including academia, legal, financial, and virtual industry.

At the opening ceremony, Rep. Yoon Chang-hyun, chairman of the Special Committee on Virtual Assets, said, “We will prepare basic bills and strive to foster sound markets to secure specific and practical stability at a time when the virtual asset market is activated in various ways.”

In addition, lawmaker Cho Myoung-hee (People’s Power) stressed, “As a member of the Special Committee on Virtual Assets, we are continuing to study to create jobs in the blockchain and virtual industries and will collect various opinions for market development.”

Kang Hyung-woo, a member of Kim & Chang’s expert committee, then made a topic presentation on “How to Secure the Stability of Virtual Asset Transactions,” and Lee Hae-bung, head of the Du-namu Investor Protection Center, on the “Lummis-Gillibrand Bill and Implications of the U.S.”

In addition, Kim Young-seok, head of the Bank of Korea’s International Settlement Cooperation Team, said, “Central banks of each country are jointly discussing anti-money laundering, stable coin regulatory risks, and market discipline directions related to virtual assets.”