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South Korea Evaluates Domestic Stablecoin Issuance as Regulatory Review Continues
South Korea is actively reviewing whether to allow domestic institutions to issue virtual asset stablecoins under a new registration system, as financial authorities respond to rising investment in overseas digital assets. Bank of Korea Governor Lee Chang-yong said at the Asian Financial Forum in Hong Kong that while cross-border use cases are driving interest, domestic regulation remains essential. Governor Lee confirmed that South Korean residents are currently permitted to invest in virtual assets issued abroad, a decision made in response to growing market demand. However, he added that the Financial Services ... (full story)
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