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South Korean lawmaker proposes 34% fintech stake in won stablecoin issuers

2026-06-24 22:47:23

Abstract generation in progress

Democratic Party lawmaker Ahn Do-geol proposed a won stablecoin governance model that would require fintech companies to hold a 34% stake. Ahn suggested that a bank consortium would own over 50% of shares while fintechs could exercise management rights.

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