๐ฐ๐ท South Korea Greenlights Stablecoins! Crypto Stocks Surge
๐น New Digital Asset Bill Approved
South Korea introduces a major bill allowing stablecoin issuance by licensed firms with โฉ500M+ capital (โ $368K). ๐๏ธ
๐น Regulatory Clarity Boosts Confidence
The FSC will regulate the issuance and reserves, while a new Presidential Digital Asset Committee oversees national crypto policy. ๐งพ
๐น Crypto Stocks RALLY Hard
Kaia: +29.9% ๐
KakaoPay: +18.2% ๐ณ
Danal Fintech: +17.9% ๐ง
๐น Massive Market Demand
$42B+ in USD-backed stablecoin trades were recorded in Q1 2025 alone! ๐น
๐น Global Trend Alignment
Joins Hong Kong, UAE, and U.S. in pushing regulatory frameworks for stablecoins ๐
โ ๏ธ BoK Pushback: Central bank warns of risks to monetary policy control ๐
Conclusion:
South Koreaโs bill sets the stage for a regulated stablecoin ecosystem, igniting investor optimism and positioning the country as a leader in digital finance.
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