TechFlow News: On April 17, according to Edaily, Kim Sang-hoon, a member of the National People’s Power Party’s Special Committee on Digital Assets, expressed concerns at an academic conference regarding restrictions on cryptocurrency exchange equity. He urged prioritizing the enactment of the foundational digital asset law related to stablecoins (Phase II legislation) to avoid missing the legislative “golden window” amid controversies over equity regulation. He noted that the Korean won-pegged stablecoin KRWQ has already been issued and is circulating overseas—a development posing a serious challenge to monetary sovereignty. Kim emphasized that the law must provide market predictability, offer clear guidance to operators, and establish effective security mechanisms for users.
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