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South Korean lawmakers announce stablecoin regulation bill: stablecoin issuers have at least $3.60 million

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2025-08-21 06:15:16
South Korean lawmaker Kim Hyun-jung proposed a new bill to regulate stablecoins. The bill requires stablecoin issuers to have a capital base of at least 5 billion won (about $3.60 million), submit a sound business plan, maintain the necessary facilities and qualified personnel, and obtain approval from the Financial Services Commission (FSC). In addition, the bill also stipulates that foreign-issued stablecoins must be registered with the Commission before entering the Korean market.
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