The South Korean regulator failed to submit the Korean won stablecoin regulation bill on time
2025-12-14 14:51:48
Earlier this month, South Korea's ruling party called on ministries and the Financial Services Commission (FSC) to submit a Korean won stablecoin regulation bill by December 10, but the FSC failed to submit the bill on time. The FSC spokesperson said that the FSC needs more time to coordinate its position with relevant agencies. Instead of rushing to complete the proposal by the stipulated deadline, it is better to publish its proposal at the same time as submitting the bill to the National Assembly. The FSC said the move was to protect the public's right to know about the matter. (Newsis)
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