South Korea Sets 5 Billion KRW Capital Requirement for Stablecoin Issuers Under New Digital Asset Law

TLDR: South Korea’s Democratic Party will submit the Digital Asset Basic Law before Lunar New Year holiday begins. Stablecoin issuers must maintain minimum statutory capital of 5 billion KRW, mirroring electronic money rules. New Virtual Asset Committee will be chaired by Financial Services Commission with inter-ministerial members. Committee will provide rapid response mechanism for market [...]

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