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South Korea's FSS says stablecoin e-payments should fall under Electronic Financial Transactions Act

NewsFeeds update

South Korea's Financial Supervisory Service says stablecoins used for electronic payments should be governed by the Electronic Financial Transactions Act.

RegulationOdailyAINeutral

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The story so far: South Korea stablecoin FX rules

South Korea is seeking to amend the Foreign Exchange Transactions Act so stablecoins are regulated as payment tools, alongside a draft Digital Asset Basic Act. The government and central bank now plan to revise the law this year and set up a virtual asset monitoring framework, with the Bank of Korea coordinating…

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  1. South Korea weighs joint body for won stablecoin legislation

  2. South Korea's FSC chief says stablecoin law talks in final stage

  3. South Korea pushes FX law change to bring stablecoins under payment rules

  4. South Korea plans to bring stablecoins under payment rules in foreign exchange law revision

  5. Yoo Dong-soo says South Korea to submit stablecoin bill in November

  6. South Korea to unveil Digital Asset Basic Act draft this month

  7. South Korea's FSS says stablecoin e-payments should fall under Electronic Financial Transactions Act

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.