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Stablecoin Push Triggers Tensions Between Central Bank and Policymakers in South Korea
Stablecoin Push Triggers Tensions Between Central Bank and Policymakers in South Korea
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BTCCSquare news:
South Korea's ruling party has proposed a landmark stablecoin bill, sparking tensions with the Bank of Korea. The bill would allow crypto entities with as little as $360,000 in capital to issue KRW-pegged stablecoins, aiming to bolster the country's position in the blockchain economy.
The central bank opposes the move, citing concerns over widespread stablecoin issuance. This clash highlights the growing divide between progressive crypto policies and traditional financial oversight in one of Asia's most dynamic digital asset markets.
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