South Korea Proposes Licensing Regime for Stablecoin Issuers
South Korea’s new crypto bill mandates licensing for stablecoin issuers with minimum capital requirements. The bill aims to support a Korean won-based stablecoin system, aligning with President Lee Jae-myung’s digital finance strategy. The Digital Asset Basic Act proposes broader crypto regulations, including legal definitions, market oversight, and penalties for misconduct. In a major effort to … Read more