South Korea Moves to Regulate Won-Based Stablecoin with New FSC Bill

robot
Abstract generation in progress

Story Highlights* South Korea's FSC to submit a won-stablecoin bill to the National Assembly in October.

  • Eight major South Korean banks plan to launch a won-pegged stablecoin; Japan is also moving toward a yen-based stablecoin.
  • Bank of Korea officials urge caution, recommending issuance first by regulated banks before expanding to non-banks.
IN-13.68%
MAJOR-2.27%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)