Korean lawmaker Min Byung-duk urges sandbox testing of won stablecoin
- —Min urged sandbox testing of won stablecoin issuance under the Financial Services Commission
- —The lawmaker pointed out that Samsung Wallet already supports dollar-based USDC
- —He said competition has shifted from issuance to securing distribution channels
- —He argued institutional discussions have stalled and are wasting time
Why it matters: A signal of possible regulatory liberalization for won stablecoins in Korea, affecting local crypto and fintech firms.
Source: Blockmedia
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