US Edition[Opinion] South Korea Rejects Central Bank Emergency Powers Over Stablecoins Regulation
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[Digital Daily Reporter Cho Yoon-jung] The Financial Services Commission (FSC) has reportedly expressed opposition to a plan to grant the Bank of Korea and the Ministry of Economy and Finance the authority to request emergency measures regarding the supervision of Korean won-denominated stablecoins. With the differences between financial authorities and relevant government ministries regarding the introduction of stablecoins becoming more concre…
South Korea Rejects Central Bank Emergency Powers Over Stablecoins Regulation
The post South Korea Rejects Central Bank Emergency Powers Over Stablecoins Regulation appeared on BitcoinEthereumNews.com. In a bold move that could shape the future of digital assets, South Korea’s financial regulators have drawn a clear line in the sand regarding stablecoins regulation. The Financial Services Commission’s recent opposition to expanding the Bank of Korea’s authority signals a crucial turning point for cryptocurrency oversight …
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