South Korea's president reshuffles economic team, boosting digital asset framework push
- —Kwon moves from the Financial Services Commission to first vice minister of economy and finance
- —In March he chaired the virtual asset committee that reviewed the Basic Digital Asset Act
- —The framework covers user protection, exchange internal controls and no-fault liability
- —Ha Joon-kyung becomes policy chief coordinating economic and social policy
Why it matters: The reshuffle strengthens pro-institutionalization voices in South Korea's key economic ministries, potentially accelerating passage of the Basic Digital Asset Act.
Source: Blockmedia