Browsing: Bank of Korea stablecoins

Stablecoin regulation Korea is gaining significant traction as the ruling Democratic Party of Korea pushes for a new bill aimed at governing stablecoins pegged to the Korean won.With the deadline for the proposed legislation set for December 10, it seeks to establish clear guidelines for stablecoin issuance, particularly emphasizing the role of commercial banks.

South Korea stablecoin regulations are poised to transform the nation’s digital finance landscape, as recent decisions have clarified the governance of won-based stablecoin issuance.In a significant development, policymakers have resolved long-standing debates, determining that banks will lead the regulation while technology firms will participate, ensuring a balanced approach.