South Korea Puts Crypto Plans on Hold: What's the Hold-Up?

South Korea is taking its time with a big crypto plan. They wanted to let people make their own stablecoins tied to the Korean won. But there are some big fights over the rules. So, they won't even start talking about it in the government until 2026. The main fight is about who gets to say if a stablecoin is okay before it even starts. Some say only certain groups should have that power. Others think banks and tech companies should both get a say. The people in charge of money stuff are still figuring it out.This all started when the president promised to make crypto bigger in South Korea. He wanted the country's big retirement fund to invest in crypto too. But now, it's not so simple. Meanwhile, there's another crypto drama in South Korea. Do Kwon, the guy behind the big crypto crash, might do some of his prison time there. He could get in even more trouble in South Korea than he did in the US.