News1 reported that the Bank of Korea, which maintains its stance that the issuance structure of KRW stablecoins should be allowed primarily for banks, has presented legislative examples of public infrastructure regulations, such as the Broadcasting Act and the Newspaper Act, as its legal basis. According to data submitted by the Bank of Korea to the office of Democratic Party lawmaker Park Min-kyu, the BOK cited Article 8 of the Broadcasting Act and Article 18 of the Newspaper Act, which stipulate that business operators cannot hold more than 49% of shares, as the basis for its preferred stablecoin issuance plan of 'bank equity 50%+1 share'. Critics argue that presenting the Broadcasting Act, which has been trapped in a public broadcasting framework and failed to keep up with the global trend of broadcasting and communication convergence, as a basis for bank-centric regulation is a logical leap.
