South Korea plans to legislate regulation of stablecoin issuance, requiring a capital of 500 million won.

[Golden Finance] A new legislative proposal aimed at regulating stablecoins has been introduced by South Korean lawmaker Kim Hyun-jung. The bill requires stablecoin issuers to have at least 5 billion won (approximately 3.6 million USD) in capital, as well as to submit a sound business plan, maintain necessary facilities and qualified personnel, and obtain approval from the Financial Service Commission (FSC). In addition, the bill stipulates that stablecoins issued overseas must first register with the commission before entering the South Korean market.

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ForkTonguevip
· 8h ago
With such a small capital, it's at a low price.
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MEVHuntervip
· 20h ago
ngmi... weak barriers just invite more protocol exploitation tbh
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PonziDetectorvip
· 08-21 06:46
I mean, South Korea knows how to have fun.
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AirdropHunterZhangvip
· 08-21 06:39
One shot crash 360w, can retail investors really play?
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EthSandwichHerovip
· 08-21 06:36
It is far behind compared to Luna from the past two years.
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