[Holes in WEMIX] ③ Ahead of won-based coin institutionalization... warning lights over 'issuance control'

An unauthorized WEMIX Dollar issuance put governance and security design at the center of Korea’s won-backed stablecoin debate.

The Financial Security Institute plans to reflect smart-contract security standards and a virtual-asset security framework in upcoming rules.

The Bank of Korea and the Financial Services Commission still disagree on who should issue won stablecoins and how broadly banks and non-banks can participate.

Industry says regulation should also cover admin powers such as issuance, burning, and freezing, plus loss allocation after incidents.