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South Korean Financial Regulatory Agency to Submit Stablecoin Regulation Bill in October
Summary: According to The Block, the South Korean Financial Services Commission (FSC) is expected to submit a stablecoin regulation bill to the National Assembly in October. Park Min-kyu, a ruling party lawmaker in South Korea, mentioned during a stablecoin-related discussion that he has received a report from the FSC outlining this plan. The bill will include ...
According to The Block, the South Korean Financial Services Commission (FSC) is expected to submit a stablecoin regulation bill to the National Assembly in October. Park Min-kyu, a ruling party lawmaker in South Korea, mentioned during a stablecoin-related discussion that he has received a report from the FSC outlining this plan. The bill will include requirements for stablecoin issuance, collateral management, and internal risk control systems, and is expected to be incorporated into the second set of digital asset legal framework currently being developed.
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Link: South Korean Financial Regulatory Agency to Submit Stablecoin Regulation Bill in October [Copy]
