South Korea Limits Stablecoin Issuers to Bank Consortiums

South Korea Limits Stablecoin Issuers to Bank Consortiums

The post South Korea Limits Stablecoin Issuers to Bank Consortiums appeared on BitcoinEthereumNews.com. South Korea advances the Digital Asset Basic Act, limiting stablecoin issuance control. Stablecoin issuers must be consortiums with a minimum 51% bank ownership stake. Government targets December draft as lawmakers push to finalize rules by early 2026. South Korea’s government and National Assembly are developing second-phase digital asset leg…

S.Korean Stablecoin Urgent Shakeup: 51% Bank Rule Sparks Major Shift

South Korea is gradually making its stablecoin market rules stricter. Politicians are advocating for a bank-led model and, thus, are asking for a majority control of 51% by banks. The government’s postponements are putting more stress on the situation as the law-making process is about to conclude. The regulation of stablecoins has become a central issue in South Korea’s discussions. There is a strong need for action in the capital city. Legisla…

South Korea Advances Digital Asset Basic Act With Bank-Led Stablecoin Issuer Requirement

South Korea advances the Digital Asset Basic Act, limiting stablecoin issuance control. Stablecoin issuers must be consortiums with a minimum 51% bank ownership stake. Government targets December draft as lawmakers push to finalize rules by early 2026. South Korea’s government and National Assembly are developing second-phase digital asset legislation titled the “Digital Asset Basic Act.” The government proposes to restrict stablecoin issuers to…

South Korea Looks to Bring Strict Control Over Stablecoin Issuers

South Korea is moving toward imposing strict regulatory control over stablecoin issuers, signaling a major shift in how one of Asia’s most active crypto markets will treat dollar- and won-pegged digital currencies. Policymakers and financial watchdogs are preparing new rules that would treat major stablecoins similarly to traditional payment instruments, with an emphasis on reserve quality, transparency, and consumer protection. Proposed Rules a…