South Korea's Ruling Party Unveils Policy Allowing Companies to Issue Stablecoins: Bloomberg

Crypto Gets a Friend in Seoul With New President’s Policy Chief

Sidhartha Shukla

South Korea's Ruling Party Unveils Policy Allowing Companies to Issue Stablecoins: Bloomberg

Companies could issue their own tokens provided they have at least 500 million won in equity capital and that they can guarantee refunds through reserves.

South Korea Unveils Digital Asset Bill Allowing Stablecoin Issuance

South Korea has proposed a law legalizing stablecoin issuance and establish a presidential committee to guide crypto policy.

South Korea Unveils Plan To Allow Crypto Stablecoins

South Korea's new President, Lee Jae-myung, is wasting no time in delivering on his promise to allow local companies to issue stablecoins

South Korea’s Stablecoin Legislation Is A Bold Step Toward Integrating Digital Assets Into Its Financial System

South Korea’s ruling Democratic Party has introduced the Digital Asset Basic Act, a bill to regulate and enable stablecoin issuance by local companies. The legislation, proposed by lawmaker Min Byeong-deok, requires stablecoin issuers to hold over 500 million Korean won (approximately $367,890) in capital and maintain separate reserves. It aims to establish clear rules for […] The post South Korea’s Stablecoin Legislation Is A Bold Step Toward I…

South Korea's ruling party to support stablecoins

South Korea’s ruling party has announced plans to enable local companies to issue stablecoins, advancing this digital-asset market in the region.