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

NewsFeeds update

South Korea's government and central bank are seeking to amend the Foreign Exchange Transactions Act so stablecoins are regulated as payment tools. The country is also drafting a Digital Asset Basic Act covering exchange licensing and stablecoin issuance rules.

RegulationOdailyAINeutral

Read the original on Odaily

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Every Regulation update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.