News list for "MP announced"

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.

2025-08-21 06:15:16