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South Korea’s Stablecoin Framework Stalls as Regulators Clash on Issuers
South Korea’s long-anticipated stablecoin regulatory framework has hit a wall after key financial authorities clash over who should be permitted to issue won-pegged digital coins. Lawmakers and industry participants hoped the Digital Asset Basic Act would be finalized by late 2025 to offer clarity on stablecoin issuance, reserve requirements, and oversight. However, reports of disagreements between the Financial Services Commission (FSC) and the Bank of Korea (BOK) have delayed the bill into early 2026, leaving the nation’s stablecoin ambitions in limbo. The regulatory deadlock shows the deeper tensions between ... (full story)
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