Korean lawmaker slams crypto committee without central bank, criticizes bank-led stablecoin issuance
- —Committee held no meetings from May last year until March 4 this year
- —Bank of Korea is not represented on the committee
- —FSC chief Lee Eok-won says stablecoin issuance rules are in final coordination
- —Lawmaker says reserve custody and 1:1 redemption matter more than issuer type
Why it matters: Delays in Korea's stablecoin legislation postpone a won-backed stablecoin and leave local issuers facing regulatory uncertainty.
Source: Blockmedia
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