South Korea’s Crypto Regulation Expands To Cover Stablecoins
South Korea’s top financial authority has begun talks to draft a follow-up to its crypto regulatory framework. According to local reports, the new legislation is expected to make its debut in the second half of this year.
The Financial Services Commission (FSC) held a meeting on Wednesday to outline priorities for the new bill, as reported by South Korean news outlet Edaily. Vice Chairman Kim So-young highlighted the global push toward stronger crypto regulations, stressing the need to bolster investor protection and resolve lingering regulatory uncertainties.
The country’s first regulatory framework was implemented in July last year after being passed in 2022 and focused on safeguarding investors. Key measures included…
