South Korea’s ruling Democratic Party has launched a new “Digital Asset Task Force,” pledging to push through legislation on stablecoins and virtual assets by year’s end, an effort officials say will help “protect Korea’s monetary sovereignty.” “The need for legislation to cover issuance, distribution, and stablecoins of virtual assets is constantly being raised in the market,” Han Jung-ae, chair of the Democratic Party’s policy committee, said at the launch ceremony at the National Assembly, according to a Maeil Business Newspaper report, a local news outlet.