South Korea Report Urges Interim Stablecoin Rules Before Crypto Law

TLDR A new policy report urges South Korea to issue interim stablecoin licensing guidance before the Digital Asset Basic Act is finished. Lawmakers are discussing a compromise where banks keep majority ownership of stablecoin issuers while fintech firms handle daily operations. The Bank of Korea favors a bank-led model for stablecoin issuance, citing monetary and [...]

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