PANews reported on April 17th, citing Edaily, that Kim Sang-hoon, a member of the National Power Party's Digital Assets Special Committee, expressed concern about equity restrictions on cryptocurrency exchanges at an academic conference. He called for prioritizing the enactment of a basic law on digital assets related to stablecoins (the second phase of legislation) to avoid missing the golden opportunity for legislation due to equity regulation disputes. He pointed out that the issuance and circulation of the Korean won stablecoin KRWQ overseas poses a serious challenge to monetary sovereignty. Kim emphasized that the law should grant market predictability, provide clear guidance for operators, and offer effective security mechanisms for users.

Currently, a proposed equity regulation plan to limit major shareholders' stakes in all South Korean cryptocurrency exchanges to 15-20% has sparked controversy. Industry insiders believe this move could be unconstitutional and lead to industry contraction. Legal experts point out that equity restrictions may infringe on property rights, violate the principles of excessive prohibition and equality, and must be treated with extreme caution.