South Korea's ruling party is demanding the advancement of a stablecoin bill, requiring commercial banks to hold at least 51% of the shares.
TL;DR
한국의 여당이 원화 페그 스테이블코인 법안을 12월 10일까지 제출하도록 요구하며, 발행을 상업은행이 최소 51% 지분을 가진 컨소시엄으로 제한합니다. 이는 한국은행과 금융위원회 간의 입장 조정을 목표로 합니다.
According to ChainCatcher, South Korea's ruling Democratic Party has requested the government to submit a new bill by December 10th to regulate stablecoins pegged to the Korean won. Kang Jun-hyun, convener of the Democratic Party's Political Affairs Committee, stated that the draft bill would only allow consortia with at least 51% commercial bank ownership to issue fiat-pegged tokens.
Kang Jun-hyun stated that this move aims to reconcile the positions of the Bank of Korea, the Financial Services Commission, and the banking industry. If the government fails to act, Kang Jun-hyun said the National Assembly will lead and advance legislation. The proposal restricts stablecoin issuance to consortia where commercial banks hold at least 51% of the shares, resolving long-standing disputes regarding the eligibility of issuers. However, the Financial Services Commission subsequently issued a statement saying, "Nothing has been finalized regarding the consortium proposal."