BTCC
/
BTCC Square
/
Global Cryptocurrency
/
South Korea’s Political Parties Clash Over Stablecoin Regulations
South Korea’s Political Parties Clash Over Stablecoin Regulations
9
3
BTCCSquare news:
South Korea's ruling Democratic Party (DP) and opposition People Power Party (PPP) have proposed competing stablecoin bills, revealing both consensus and conflict on digital asset regulation. Both parties agree on anchoring stablecoins to the Korean won and placing oversight under the Financial Services Commission (FSC).
The FSC would gain authority to impose issuance rules, monitor distributions, and enact emergency measures if market stability is threatened. Divisions emerge over interest payment structures—a critical friction point as legislators debate how to integrate crypto assets into the financial system without disrupting monetary policy.
By:
Previous
US Awards $50M Contract to Swiss Firm for AI Drone Kits in Ukraine
Next
U.S. Tariffs Rattle Copper Markets, Spark Uncertainty for Global Trade
