💸SOUTH KOREA WANTS TO LEGALIZE STABLECOIN PEGGED TO WON – THE GAME OF CURRENCY SOVEREIGNTY BEGINS?

📌 On June 10, the South Korean government officially presented the draft bill "Basic Digital Asset Law," allowing companies to issue stablecoins pegged to the won – instead of letting national funds continue to "bleed" through USDT and USDC.

📌 The issuance conditions are very strict:

➕ Minimum charter capital of 500 million won (~$368K)

➕ Must have 1:1 collateral

➕ Approval from the Financial Services Commission (FSC)

➕ No violations of fraud prevention, manipulation, or insider trading regulations

▶️ Notably, the bill also proposes the establishment of a Presidential Digital Asset Commission – indicating the ambition to build a controlled, standardized but also extremely strategic crypto ecosystem. However, the Central Bank (BoK) has voiced opposition: "Privately issued stablecoins could undermine national monetary policy."

💭 BoK wants the government to consider the role of the central bank in this model – revealing a deep conflict between traditional financial power and the rising Web3 ecosystem.

📌 With the memory of the Terra-LUNA crash still lingering, the South Korean market cannot be lenient. But if this bill is passed, it will be a turning point for South Korea to rise to the forefront of crypto public policy in Asia.

📌 In the context of the US, EU, and Hong Kong urgently standardizing stablecoins, South Korea shows that it does not want to be left out of the global liquidity game.