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Posted: 2025-06-10 20:44:21 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-10 20:44:41 UTC
Verified By
Rollup News
South Korea is proposing a bill to legalize stablecoins under the new "Digital Asset Basic Act." The bill requires KRW-pegged stablecoin issuers to hold at least ₩50 million in capital and obtain FSC approval, a significant decrease from the initially proposed ₩5 billion.
Legalization of stablecoins in South Korea
Reduced capital requirements for KRW-pegged stablecoin issuers
FSC approval for stablecoin issuance