South Korea’s New Crypto Bill Sets $3.5M Minimum for Stablecoin Issuers – Can It Pass?

South Korea's Democratic Party advances legislation requiring stablecoin issuers to maintain 5 billion won ($3.5 million) in capital and establishing an inter-ministerial Virtual Asset Committee, though Bank of Korea Governor Lee Chang-yong warns dollar-pegged tokens could weaken capital controls during market stress.

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