South Korea is implementing phase 2 of the Digital Asset Law, referred to as the Basic Digital Asset Law. An important point in the draft is:
➡️ Stablecoins can only be issued by a consortium of organizations in which banks must hold at least 51% of the shares.
This regulation aims to enhance control and safety in the stablecoin market. The proposal has been confirmed by the Democratic Party's Special Task Force on Digital Assets in terms of policy.
BTC
89,721.5
0.00%
ETH
3,053.34
+0.41%
