South Korea's Democratic Party has established a Digital Asset Committee to centralize cryptocurrency regulation and implement policy reforms ahead of the presidential election. This initiative aims to modernize the digital asset framework in response to a growing number of crypto traders and challenges faced by major exchanges. Stablecoin regulation is a key agenda item, especially following the lessons learned from the 2022 Terra-Luna incident, emphasizing the need for structured regulatory measures. The proposed reforms target the 'one exchange, one bank' system, seen as a barrier to industry growth. Insights suggest that these developments could enhance market liquidity and user protection, potentially positioning South Korea as a leader in digital finance. Full story here: https://coincu.com/337628-south-korea-crypto-regulation-election