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Korean lawmakers call for prioritizing stablecoin legislation to prevent equity restriction disputes from delaying the process
Mars Finance News, according to Edaily, reports that Kim Sang-hoon, Chairman of the Digital Asset Special Committee of the Korean National Power Party, stated at an academic conference that he is concerned about restrictions on equity in cryptocurrency exchanges and called for prioritizing the advancement of the basic law for digital assets related to stablecoins (second-phase legislation) to avoid missing the golden legislative window due to equity regulation disputes. He pointed out that overseas has already seen the issuance and circulation of the Korean won stablecoin KRWQ, which poses a serious challenge to monetary sovereignty. Kim Sang-hoon emphasized that laws should provide market predictability, offer clear guidance for operators, and establish effective safety mechanisms for users.