Why South Korea Can’t Agree on Who Should Issue Stablecoins
Key takeaways Korea’s crypto bill is stalled over stablecoin issuer rules. The central bank wants banks to remain in control, often framed as a “51%” threshold. Regulators and lawmakers fear a bank-only model would limit competition. Firms are lining up, with Toss planning a won-backed stablecoin once rules are finalized. South Korea’s next major crypto...
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