PANews August 18 news, according to The Block, the South Korean Financial Services Commission plans to submit a stablecoin regulation bill to the legislative body in October, covering issuance, collateral management, and risk control requirements. This bill will be included in the second phase of the digital asset legal framework. South Korea's four major banks are expected to meet with Circle President Heath Tarbert, the issuer of USDC, next week to discuss stablecoin cooperation. Japan is also expected to approve the issuance of its first yen stablecoin in the fall.