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South Korea’s Stablecoin Legislation Stalls Amid Regulatory Disputes
South Korea’s Stablecoin Legislation Stalls Amid Regulatory Disputes
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BTCCSquare news:
South Korea's stablecoin regulatory framework faces significant delays as lawmakers, regulators, and the Bank of Korea remain deadlocked on key issues. Four draft bills are currently stalled in committee, with disagreements centered on whether fintech firms should be permitted to issue KRW-pegged stablecoins.
Conservative factions within the government and central bank advocate restricting issuance rights exclusively to domestic commercial banks. This impasse reflects broader tensions between innovation and financial stability in one of Asia's most dynamic cryptocurrency markets.
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