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South Korea Embraces Stablecoins—But With Ironclad Regulations in Place
South Korea Embraces Stablecoins—But With Ironclad Regulations in Place
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South Korea just flipped the switch on stablecoin adoption—with regulators holding the breaker box.
The Financial Services Commission (FSA) greenlit pegged cryptocurrencies, but traders won’t be dodging KYC anytime soon. Every issuer now faces capital requirements tighter than a traditional bank’s vault.
Market impact? Stablecoin volumes spiked 40% in 24 hours post-announcement—because nothing says 'trust' like bureaucrats blessing your Tether trades.
One cynical take: Watch how fast Seoul’s 'strict oversight' melts when tax revenues start rolling in.
On June 18, 2025, BOK Governor Rhee Chang-yong clarified that the central bank of South Korea is not going to be opposed to the idea of stablecoins, marking a significant shift in the country’s Read More
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