Min Byoung-dug calls for digital asset law passage by January 2027

Min Byoung-dug, a lawmaker from South Korea’s ruling Democratic Party, stated that a basic law on digital assets should be passed before January 2027. Speaking at DCON 2026 in Seoul on Nov. 10, Min highlighted that the legislation has faced multiple delays and can no longer be postponed. He emphasized that the bill should be approved during the current regular parliamentary session or by Jan. 18, 2027 at the latest, noting that both ruling and opposition parties are close to an agreement. Min also expressed concerns regarding tax collection prior to the establishment of the basic law, indicating that discussions on delaying digital asset taxation have highlighted the urgency of enacting the legislation.

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