South Korea’s People Power Party Pushes New Bill to Boost Crypto Sector
South Korea’s conservative People Power Party (PPP) is set to unveil a sweeping legislative proposal next week, dubbed the Digital Asset Promotion Basic Act.
The bill seeks to establish South Korea as a global blockchain leader and remove lingering regulatory uncertainty in its cryptocurrency sector.
The announcement follows recent statements from financial authorities indicating a loosening of previous restrictions. These moves reflect a broader strategy shift from caution to competitiveness in digital finance.
Kim Sang-hoon Calls for an End to Regulatory Paralysis
During a policy meeting, PPP policy chief Kim Sang-hoon argued that the country’s past regulatory-heavy approach repelled foreign investment and pushed domestic capital abroad. Kim emphasized the need for a transition from strict oversight to growth-oriented policy.
Calling digital assets “the gold of the 21st century,” Kim described crypto as a foundational pillar of the new economy. He urged the government to shed its hesitation and instead foster a regulatory environment that encourages innovation and long-term institutional support.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
