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 that provide market predictability, offer clear guidance to operators, and establish user safety mechanisms.

MeNews

2026-05-21 06:30:33

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ME News Report, April 17 (UTC+8), South Korean National Power Party Digital Asset Special Committee Chairman Kim Sang-hoon stated at an academic conference that he is concerned about restrictions on equity ownership in cryptocurrency exchanges and called for prioritizing the advancement of the digital asset basic law related to stablecoins (second-phase legislation) to avoid missing the legislative golden opportunity due to equity regulation disputes. He pointed out that overseas, the issuance and circulation of the Korean won stablecoin KRWQ has already emerged, posing 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. (Source: ODAILY)

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MetalFrameBookPageCross

· 5h ago

Has anyone estimated the impact of KRWQ on the Korean won exchange rate?

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AirdropArchivist

· 5h ago

The Digital Asset Special Committee has finally spoken plainly; equity disputes can indeed delay progress.

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BlackVelvetKeychain

· 10h ago

The challenge to monetary sovereignty is not alarmist; have you checked the circulation volume of KRWQ?

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PerpNightshift

· 10h ago

Accurately grasp the conflicting points between equity restrictions and legislative pace

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ZkSketcher

· 10h ago

The second phase of the stablecoin fundamental law needs to be accelerated; the window of opportunity waits for no one.

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ColdWalletUnderTheAurora

· 10h ago

The term "golden legislative period" sounds very Korean; the sense of urgency is at its maximum.

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ProofOfNap

· 10h ago

How exactly are user security mechanisms built? Insurance or reserve fund audits?

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OldKeyboardTraitor

· 10h ago

Providing clear guidance to operators is so crucial; right now, everyone is blindly rushing forward.

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ReadingContractsUntilMyEyesAre

· 10h ago

KRWQ this matter is indeed tricky, it has already started overseas.

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Korean lawmakers call for prioritizing stablecoin legislation to prevent equity restriction disputes from delaying the process

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