Attention is focusing on the fate of the government’s plan to cap major shareholders’ stakes in virtual asset exchanges at 20 percent after the National Assembly’s research body warned that the measure may be unconstitutional, lawmakers and industry officials said Thursday. A policy consultation between the Financial Services Commission (FSC) and the ruling Democratic Party of Korea (DPK), originally scheduled for Thursday morning to finalize the proposed regulation, was postponed. Authorities said the delay was intended to allow financial authorities to prioritize market stabilization efforts as volatility in local equity and currency markets surged amid escalating tensions in the Middle East. The session had been expected to finalize a comprehensive bill that would impose a 20 percent ceiling on major shareholders of virtual asset exchanges and introduce a regulatory framework for stablecoins under the tentatively titled Digital Asset Basic Act. The FSC, the country’s top financial regulator, has maintained that exchange ownership should be capped at 15 to 20 percent, mirrorin