Woofun AI reports that Kim Sung-jin, Director of the Virtual Asset Division at the Korea Financial Services Commission, stated during a parliamentary meeting that the government is advancing stablecoin legislation alongside institutional investor entry. The commission intends to complete digital asset laws within the year, which could remove the nine-year ban preventing financial firms from holding equity in crypto enterprises. This change would permit banks and securities firms to engage in virtual asset investments. Authorities are also examining institutional brokerages and OTC trading mechanisms similar to stock markets, while simplifying entry requirements for financial institutions based on EU standards.