The Financial Services Commission (FSC) is set to introduce a Korean Won (KRW) stablecoin bill in October, marking a significant step in regulating the burgeoning digital asset landscape in South Korea. According to a MoneyToday report, this legislation will form part of the second phase of the Virtual Asset User Protection Act. The bill will address critical aspects of KRW stablecoins, including stringent requirements for issuance, collateral management protocols to ensure stability, and the implementation of robust internal control systems to safeguard against potential risks. This move signals a proactive approach by the FSC to foster innovation while prioritizing investor protection within the cryptocurrency market. The details of the collateral requirements and specific internal controls are highly anticipated by the cryptocurrency community. Further clarification on these aspects will determine the overall impact and attractiveness of KRW stablecoins within the South Korean financial ecosystem. ```