Overseas Korean Won stablecoins in circulation = monetary sovereignty being eroded, this signal is clear enough

South Korea's People Power Party Digital Asset Special Committee Chairman Kim Sang-hoon expressed concern at an academic conference about restrictions on exchange equity, calling for the prioritization of the second phase legislation of the Digital Asset Basic Law related to stablecoins to avoid missing the golden legislative window due to equity regulation disputes. He pointed out that the overseas circulation of Korean won stablecoin KRWQ challenges monetary sovereignty, advocating for laws to provide market predictability, offer clear guidance to operators, and establish user safety mechanisms.