Regulation· ★★★· neutral·

South Korea Moves to Form Inter-Agency Council on Won Stablecoin Rules

  • —FSC, Bank of Korea and finance ministry to form a joint stablecoin policy council
  • —Draft law to cover reserves, redemption and segregation of issuer assets
  • —Experts call for rules spanning licensing, AML and distribution oversight
  • —US GENIUS Act and EU's MiCA cited as regulatory benchmarks
Why it matters: Won stablecoin rules will shape access to South Korea's market and set a template for other Asian jurisdictions.
Source: Bloomingbit
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