South Korea plans stablecoin rules as opposition pushes crypto tax repeal
CoinTelegraph·
60-second summary
South Korea's Financial Services Commission plans a government-backed digital asset bill covering stablecoins and exchanges, reportedly including regulations on stablecoin issuance and trading. Meanwhile, opposition lawmakers push to repeal a 22% crypto tax set to take effect in 2027, potentially easing the regulatory burden on the industry and boosting investor confidence.
The FSC reportedly plans a government-backed digital asset bill covering stablecoins and exchanges, while opposition lawmakers seek to scrap a 22% crypto tax due in 2027.