Dr. Sangmin Seo, chair of the Kaia DLT Foundation, has criticized the Bank of Korea's proposal to allow only banks to issue won-denominated stablecoins, calling the approach "lacking in logic." The central bank's plan aims to centralize stablecoin issuance within traditional financial institutions, which Seo argues could hinder innovation in the digital currency sector. The debate highlights ongoing tensions between regulatory frameworks and the rapidly evolving cryptocurrency landscape in South Korea.