Korean lawmaker warns 63 trillion won has fled abroad, urges won stablecoin rules
- —Lawmaker Lee Kang-il says about 63 trillion won has left Korea due to regulatory delays
- —Domestic trading in dollar stablecoins topped 6 trillion won in June alone
- —Korea accounts for about 54% of global trading in yen stablecoins
- —FSC chief says the Digital Asset Basic Act and stablecoin rules are in final talks
Why it matters: Delays on won stablecoins and tokenization are pushing Korean demand offshore and weakening local exchanges' competitive position.
Source: Bloomingbit
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