A display board shows the price of bitcoin at the Upbit customer center in Seoul’s Gangnam District, Tuesday. Newsis

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…