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South Korea Advances Stablecoin Regulation Amid AI Token Stagnation
South Korea Advances Stablecoin Regulation Amid AI Token Stagnation
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BTCCSquare news:
South Korea's central bank has endorsed the development of won-pegged stablecoins under stringent regulatory frameworks. Bank of Korea Governor Rhee Chang-yong emphasized bank-led issuance to mitigate risks, warning that non-bank entities could facilitate money laundering or evade capital controls. The ruling Democratic Party is concurrently drafting legislation to oversee stablecoins and cryptocurrency ETFs.
Despite OpenAI's announcement of GPT-6 with persistent memory, AI-related crypto tokens showed muted market response. The APAC region continues to witness blockchain developments, underscoring a dichotomy between regulatory progress and speculative asset inertia.
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