Korea Internet Association opposes crypto exchange ownership restrictions and bank-dominated stablecoin policy
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CoinWorld News: According to a tweet by Wu Blockchain, the Korea Internet Corporations Association opposes policies that restrict the shareholding ratio of major shareholders in crypto exchanges and those that mandate stablecoin issuance to be led by banks. The association believes that forced share sales infringe on private property rights, and that excessively high bank shareholding thresholds will stifle innovation. It emphasizes that the development of KRW stablecoins requires the participation of diverse private sector forces.
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