BDACS to Co-Host National Assembly Conference on Korean Won Stablecoins
BDACS, a company specializing in virtual asset infrastructure, said on November 9 that it will co-organize the “Academic Conference on Issuing Korean Won Stablecoins and Building a Secure Digital Asset Ecosystem” with the Korea Fintech Industry Association and the Digital Financial Crime Response Institute. The event will be held on November 12 at the National Assembly Members’ Office Building.
The event, hosted by Kim Hyunjung of the Democratic Party of Korea, will examine domestic regulations ahead of the institutionalization of Korean won stablecoins.
BDACS, a company serving as a vice chair of the Korea Fintech Industry Association, will deliver the first presentation. CEO Ryu Hongyeol will discuss global regulations and issuance cases, including the U.S. GENIUS Act, the EU’s MiCA and Circle’s USDC, and emphasize that regulations in major countries prioritize the segregation of reserve assets, regulated custody and external verification. He will propose that how stablecoins are managed and verified should form the basis of a regulatory framework for Korean won stablecoins. Han Seohee, an attorney at Lee & Ko, will present on “Issuing Korean Won Stablecoins and Related Legal Issues.”
“This conference is an opportunity for the National Assembly, policymakers and industry to discuss together the conditions for a secure ecosystem ahead of the institutionalization of Korean won stablecoins,” said Ryu Hongyeol, CEO of BDACS. “Drawing on the capabilities we have built as a digital asset custody company, BDACS will contribute to developing practical standards so that Korean won stablecoins can take root as trusted financial infrastructure.”
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“Korean won stablecoins represent an important opportunity for the fintech industry to take financial innovation to the next level,” said Kim Jonghyun, president of the Korea Fintech Industry Association. “We hope Korean won stablecoins will lead to new financial services on a secure institutional foundation and help the domestic fintech industry grow into a globally competitive sector.”
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