South Korea report proposes stablecoin rules before crypto law

CoinTelegraph·

South Korea report proposes stablecoin rules before crypto law

60-second summary

South Korea's policy report proposes stablecoin rules before the Digital Asset Basic Act takes effect, recommending interim licensing guidance and greater flexibility for stablecoin issuers. The report aims to establish a regulatory framework for stablecoins, which are expected to be a key component of the country's growing digital asset market.

Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act.