🇰🇷 South Korea Approves Stablecoin Bill — Crypto Stocks Soar
🔹 Landmark Digital Asset Law Passed
South Korea has approved a pivotal bill permitting licensed companies with capital exceeding ₩500M (approx. $368K) to issue stablecoins. 🏛️
🔹 Clear Regulations Fuel Market Confidence
The Financial Services Commission (FSC) will oversee issuance and reserve management, while a newly established Presidential Digital Asset Committee will guide national crypto policy. 🧾
🔹 Crypto Stocks Surge on News
• Kaia: +29.9% 📈
• KakaoPay: +18.2% 💳
• Danal Fintech: +17.9% 🧠
🔹 Demand Signals Explosive Growth
Over $42 billion in USD-backed stablecoin trading volume was recorded in Q1 2025 alone. 💹
🔹 In Step with Global Regulatory Momentum
South Korea joins the ranks of Hong Kong, UAE, and the U.S. in advancing stablecoin regulations. 🌐
⚠️ Bank of Korea Voices Concerns
The central bank warns the move could impact its control over monetary policy. 📉
Bottom Line:
This new bill marks a major leap toward a regulated stablecoin framework, boosting investor confidence and solidifying South Korea’s position as a digital finance trailblazer.