Attention all crypto friends! The regulatory storm in Asia has escalated again, and this time, the Bank of Korea is directly targeting overseas stablecoins!

Just yesterday, Bank of Korea Governor Lee Chang-yong publicly stated that they are discussing implementing strict regulations on overseas-issued stablecoins by referencing the EU's MiCA legislation! What does this mean? It means that mainstream stablecoins like USDT and USDC are highly likely to be banned in South Korea!

This is no longer a single country's action. The EU's MiCA explicitly states that 'non-EU stablecoins are prohibited from circulating within its borders.' Japan (fund settlement law) and the United States (the Financial Innovation Act) are also taking the same stance—national monetary sovereignty cannot be challenged!

In-depth analysis of the news:

1: South Korea follows Europe and the U.S. in policy, and the stablecoin battlefield is shrinking.

Once South Korea implements regulations, it will become the first major economy in Asia to explicitly impose a ban on 'overseas stablecoins.' This is highly likely to trigger a chain reaction in financial centers like Singapore and Hong Kong, putting stablecoin liquidity to a severe test.

2: Tether and Circle are at the forefront; are exchanges responding urgently?

If South Korea strictly enforces regulations, exchanges like Upbit and Bithumb may delist USDT trading pairs and instead promote compliant stablecoins pegged to the Korean won. Circle has previously made significant strides in the Asian compliance market; will this be their biggest win?

3: The capital outflow from the crypto sphere may be cut off, and the ALT season may be affected.

Stablecoins are the most important channels for inflows and outflows in the crypto market and are safe-haven assets. Once global regulation forms an 'encirclement,' short-term market volatility is bound to intensify, and a liquidity crisis for altcoins may reappear!

Fuxiang Predictions' viewpoint:

This wave of regulatory tsunami is definitely not accidental. Central Bank Digital Currencies (CBDCs) from various countries are about to be fully implemented, and the digitization of sovereign currency is a foregone conclusion. Stablecoins, especially those issued overseas without sovereign backing, are becoming the 'target of encirclement.'

Investors must remain vigilant:

Short-term avoidance of high-volatility stablecoin projects.

Focus on the progress of local stablecoins from compliant exchanges.

Diversify assets to avoid excessive reliance on a single stablecoin.

The future is here, and regulation is forcing the industry to reshuffle. Only by closely following policies and planning ahead can one survive in this wave!

Warning everyone: This could be the most significant regulatory signal of 2025!

Click to follow Fuxiang Predictions for in-depth news interpretation and strategic layout in the crypto circle!