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BTCC / BTCC Square / Global Cryptocurrency /
South Korea Delays Won Stablecoin Law Amid Clash With Central Bank

South Korea Delays Won Stablecoin Law Amid Clash With Central Bank

Author:
Global Cryptocurrency
Published:
2025-12-15 18:19:02
17
2
BTCCSquare news:

South Korea’s Financial Services Commission (FSC) has postponed submitting a regulatory framework for won-denominated stablecoins, missing its December 10 deadline. The delay stems from unresolved disagreements with the Bank of Korea (BOK) over governance and issuance models.

The central bank insists stablecoins should operate under a bank-led consortium to preserve monetary policy effectiveness, demanding issuers maintain reserves with domestic banks. The FSC opposes this restrictive approach, advocating for broader participation, including fintech firms.

Market uncertainty grows as negotiations stall. The impasse reflects global tensions between innovation and financial stability, with South Korea’s crypto sector awaiting clarity.

|Square

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