A South Korean lawmaker has urged the government to accelerate the legalization and promotion of stablecoins
2025-12-20 08:49:30
A South Korean lawmaker has urged the government to work with the Traditional Financial Institutions Group to accelerate the legalization and adoption of stablecoins. The lawmaker also warned that if South Korea delays, it may fall behind as global payment standards evolve. The lawmaker noted that stablecoins have become an irreversible trend in the Korean financial system. "Stablecoins are no longer a question of whether they should be launched, the only question now is how fast and how well we should launch stablecoins." It described stablecoins as an inevitable tool for cross-border transfers, trade settlements and remittances. (Cryptopolitan)
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