CoinWorld News reports that Wu said on Twitter that the Korea Internet Enterprise Association opposes policies restricting major shareholders' stake ratios in crypto exchanges and the issuance of stablecoins led by banks. They believe that mandatory share sales harm private property rights, and that high bank shareholding thresholds will suppress innovation. They emphasize that the development of Korean won stablecoins requires participation from diverse private sector forces.
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CoinWorld News reports that Wu said on Twitter that the Korea Internet Enterprise Association opposes policies restricting major shareholders' stake ratios in crypto exchanges and the issuance of stablecoins led by banks. They believe that mandatory share sales harm private property rights, and that high bank shareholding thresholds will suppress innovation. They emphasize that the development of Korean won stablecoins requires participation from diverse private sector forces.