New Regulatory Trends in South Korea and the United States

The Governor of the Bank of Korea stated that the Korean won stablecoin should be promoted by the banking system to ensure financial stability and regulatory transparency. Meanwhile, authorities have requested exchanges to suspend crypto lending services until new regulations are introduced. In the United States, the Federal Reserve announced the termination of its regulatory project on cryptocurrencies and distributed ledger technology, reflecting a potential shift in its policy focus. The U.S. Treasury is seeking public input to explore new methods for combating illegal activities involving digital assets. At the same time, the SEC has postponed the approval of multiple cryptocurrency ETFs, indicating a cautious regulatory stance. These developments suggest that countries are reassessing the positioning of digital assets, and the market will continue to face policy uncertainty in the short term.