The International Digital Asset Council (Chairman Won Eun-seok, Professor at Mokwon University, hereinafter referred to as IDAC) announced on June 27 that it has successfully established a cooperative network with Quezon City and Pasig City in the Philippines. This cooperation was pursued as part of a strategic partnership for the global expansion of digital assets.
On the morning of June 26, IDAC held meetings at the city halls of Quezon City and Pasig City respectively to discuss policies and service introduction plans related to digital assets. Afterwards, they presented the mayors of each city with appointment letters of appointment as policy advisors in the digital asset field and confirmed their will for continued cooperation in the future.
The event was attended by key figures including IDAC Philippines Chairman Kang Jang-won (EG Group Chairman), Anti-Corruption National Movement Coalition Standing Representative Won Deok-ho, and Angeles City College President Francisco Villanueva.
IDAC is a public interest organization designated by the Ministry of Strategy and Finance, and is carrying out activities to integrate digital assets into various social sectors with the goal of creating a sound use of digital assets and an ecosystem. It is working to expand policy and social use, such as participating in the enactment of the Basic Digital Asset Act and holding seminars on the use of digital assets in non-profit organizations and political donations.
Quezon City is one of the largest cities in the Philippines with a population of about 3 million, and Mayor Joey Belmonte was recently re-elected for a third term in the local elections. Pasig City is a city with a population of about 600,000, and is emerging as a financial and business center. Mayor Vico Sotto was re-elected for a second term. Both mayors are young politicians who are actively interested in digital policies.
At the meeting that day, Won Seok, CEO of IDAC, proposed cooperation plans such as introducing local currency using stablecoins, building blockchain-based social infrastructure, improving administration using AI, training personnel in the digital asset and AI fields, and discovering new business models, and discussed specific feasibility.
“As we have highlighted the strengthening of digital services as a key campaign pledge, we plan to actively introduce digital assets into local policies,” said Quezon City Mayor Joey Belmonte. “Through this collaboration, we will seek ways to expand them in practice within the region.”
Chairman Won Seok-eun said, “The won-based stablecoin is an important means to protect currency sovereignty and increase global usability,” adding, “If Korea’s digital content and asset technology are combined, there is sufficient potential for global expansion, and we hope that this cooperation will lay the foundation for Korea’s digital asset ecosystem to expand overseas.”
- See more related articles
You must be logged in to post a comment.