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South Korean Presidential Policy Planning Committee and Financial Regulatory Authorities Conduct Joint Review on Stablecoin Issuance Requirements in South Korean Won
Summary: According to reports from the Daily Economic News, the South Korean Presidential Policy Planning Committee recently held a meeting with financial regulatory agencies to discuss the issuance conditions and regulatory framework for stablecoins pegged to the South Korean Won. The committee's virtual asset special working group also heard supplementary reports from regulatory agencies, focusing on ...
According to reports from the Daily Economic News, the South Korean Presidential Policy Planning Committee recently held a meeting with financial regulatory agencies to discuss the issuance conditions and regulatory framework for stablecoins pegged to the South Korean Won. The committee's virtual asset special working group also heard supplementary reports from regulatory agencies, focusing on key issues such as capital requirements for issuers. It is reported that regulatory authorities emphasized the need to establish clearer issuance standards to restrict entry of small cryptocurrency companies lacking sufficient funds.
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Link: South Korean Presidential Policy Planning Committee and Financial Regulatory Authorities Conduct Joint Review on Stablecoin Issuance Requirements in South Korean Won [Copy]
