South Korea Bars Stablecoins from Corporate Crypto Investment Guidelines Over Legal Conflict

TLDR: South Korea FSC excludes USDT and USDC from corporate crypto investment guidelines over legal conflicts. The Foreign Exchange Transactions Act does not recognize stablecoins as a valid external payment method. Listed companies may invest in the top 20 non-stablecoin assets, capped at 5% of their own capital. A pending amendment to the Foreign Exchange [...]

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