According to CoinMeta, and as reported by the Korean news source zdnet, bdacs (a digital asset custodian in South Korea), whose CEO is Ryu Hong - yeol, called for at a parliamentary seminar on November 12th that the eligibility to issue Korean won stablecoins should not be limited to bank-led institutions. Fintech companies and digital asset enterprises that meet the requirements should also be allowed to issue such coins. Currently, there is controversy in South Korea regarding the entities that can issue stablecoins; one proposal requires banks to hold more than 50% of the shares in the issuance alliance. Ryu believes that this move may limit the innovation capabilities of fintech companies, and regulation should focus more on the management of reserve assets, control over issuance and destruction rights, and independent auditing, rather than the type of issuing institution.