South Korea’s Democratic Party (DP) has formed a new task force to write pro-business cryptocurrency and blockchain rules, promising to fast-track legislation before the end of 2025.
Party leaders unveiled the plan at the National Assembly on 24 September, calling digital assets “a new paradigm for the financial markets” and pledging to treat the sector as a driver of future growth.
The task force’s first job will be to draft stablecoin regulations and finalise rules on token issuance and distribution before the year closes.
Han Jeong-ae, chair of the DP’s policy committee, said,
“We need to establish a system that keeps pace with evolving trends in the new financial market. We are looking forward to stable and sustainable institutional innovation.”
Lawmaker Lee Jeong-moon, who will head the group, added that policies must “foster future growth.”
Current South Korean crypto laws focus on exchange oversight and protecting users from fraud or hacking.
The DP says it wants to move away from that narrow approach and instead “streamline the system to foster industries,” a position welcomed by local crypto companies hoping for lighter restrictions and clearer rules to attract investors.
The task force has already invited the Financial Services Commission, the Financial Supervisory Service and key ministries to submit policy proposals.
It has also asked the Bank of Korea to share its views.
Deputy Governor Kim Woong-seok recently cautioned that only regulated banks should issue stablecoins “gradually” to safeguard financial stability, signalling that central bank officials may prefer a slower rollout than lawmakers.
Plans include an advisory group of crypto exchanges, fintech firms, venture capital representatives and independent experts to guide legislation.
Han welcomed the government’s recent decision to lift the ban on venture capital funding for crypto startups, saying it would “help revitalise the industry” and ensure that new rules reflect a broad range of opinions.
Han Jeong-ae is a South Korean politician and a member of the National Assembly, currently serving as the chair of the policy committee for the Democratic Party of Korea (DP).
Lawmaker Ahn Do-geol stressed that Korea risks “falling a long way behind” in digital finance if innovation stalls, warning that the country could miss opportunities in stablecoins and other digital assets.
He noted that lawmakers across party lines have already reached “a consensus” on many crypto-related issues, including the need for stablecoin regulation.
South Korea is one of the world’s busiest cryptocurrency hubs, with millions of retail investors trading daily.
Supporters of the DP plan say that passing new rules by year-end would help domestic firms compete with dollar-backed tokens and strengthen Korea’s position in the global digital economy.
A British man, Kai West, was arrested in France for allegedly running a major cybercrime ring under the alias "IntelBroker" and leaking stolen data from over 40 organisations. US investigators linked him to the crimes through a small Bitcoin payment that traced back to his real identity.
WeatherlyKraken launched a new app called Krak that lets users send money instantly across 110 countries using both crypto and traditional currencies. The app removes bank details using Kraktags, offers rewards on digital assets, and plans to add cards and lending features soon.
AnaisMeta has hired top AI researchers from OpenAI, including Trapit Bansal, to boost its efforts in building superintelligent AI models. The company is investing heavily in talent and infrastructure to catch up with rivals like OpenAI, DeepMind, and DeepSeek.
WeatherlyAB DAO and the AB Charity Foundation will build the world’s first national-level resort focused on AI and blockchain in Timor-Leste. The resort will include research centres, luxury facilities, and crypto-friendly services, aiming to attract global tech talent and boost the local economy.
AlexMr Beast removed an AI thumbnail tool after backlash from YouTubers who said it copied their styles and used their work without permission. He replaced it with a feature that lets users hire real thumbnail artists instead.
AnaisIran’s biggest crypto exchange, Nobitex, was hit by a major cyberattack linked to an Israeli hacker group, causing losses of around \$90 million and major service disruption. The platform is now restoring wallets in phases with stricter ID checks, while facing growing pressure from regulators and users.
AnaisNorth Korea-linked hackers stole $3.2 million in crypto from Solana wallets and moved the funds to Ethereum. They laundered nearly $2 million using Tornado Cash, with over $1 million still sitting in an Ethereum wallet.
AnaisA new report shows that 27% of South Koreans aged 20 to 50 now own crypto, with many white-collar workers using it for savings and retirement planning. As investing habits shift from hype to strategy, banking limits and economic pressure are shaping how people use digital assets.
WeatherlyA Russian influencer known as “Bitmama” was sentenced to seven years in prison for scamming investors out of $23 million in a fake Bitcoin investment scheme. She promised to convert cash into crypto abroad but instead kept the money, and tried to flee before being arrested at the border.
AnaisJapanese firm Metaplanet bought 1,005 Bitcoin for $108 million, becoming one of the top corporate Bitcoin holders. The company plans to grow its Bitcoin holdings significantly by 2027, using interest-free bonds to fund purchases.
Weatherly