The South Korean Presidential Policy Planning Committee and the Financial Supervisory Authority jointly review the requirements for the issuance of Korean won stablecoins
2025-07-02 09:43:00
The South Korean Presidential Policy Planning Committee recently held a meeting with financial regulators to discuss the conditions and regulatory framework for the issuance of stablecoins denominated in Korean won. The committee's special project working group on virtual assets also received supplementary briefings from regulators, focusing on key issues such as issuer capital requirements. Regulators are said to have emphasized the need for clearer issuance standards to limit the entry of small cryptocurrency companies that lack sufficient funds.
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