South Korean leader proposes bank-led stablecoin issuance model
2025-09-02 06:01:43
Kim Byung-kee, a representative of South Korea's ruling Democratic Party, has proposed that stablecoins should be issued by bank-led consortiums, which could include cryptocurrency exchanges and other Financial Institutions Groups. He believes that this model can reduce the risks posed by the issuance of financial products by exchanges alone. The move highlights the need for a more complete regulatory framework for stablecoin issuance in the fast-growing cryptocurrency sector.
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