Browsing: South Korea stablecoin regulation

In recent times, South Korea’s stablecoin regulation has emerged as a hot topic among policymakers and industry stakeholders, highlighting the complexities of digital finance in the region.As the Bank of Korea debates the necessity of limiting stablecoin issuance to traditional banks, conflict arises with fintech advocates who champion diverse market entrants.

The emergence of the Korean won stablecoin has sparked considerable interest in South Korea’s financial landscape, especially in light of the recent delays in regulatory measures.As the nation’s Financial Services Commission (FSC) failed to submit the essential Korean won regulatory bill by the December 10 deadline, discussions around South Korea’s stablecoin regulations have intensified.