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South Korea's Stablecoin Bill Stalled Amidst Regulatory Tug-of-War

South Korea's Stablecoin Bill Stalled

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a week ago

South Korea's much-anticipated stablecoin bill has been delayed, missing its December 10th deadline. The postponement stems from significant disagreements between the Financial Services Commission (FSC) and the Bank of Korea ( BOK ) regarding issuer control and approval powers, leaving the regulatory framework for digital assets in limbo.

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