Key Insights:

• South Korea’s draft corporate crypto rules are expected to exclude stablecoins like USDT and USDC from permitted investment use.
• Authorities are referring to the foreign exchange law, which has not yet adopted stablecoins as a valid external payment means.
• Some firms reportedly use personal wallets or overseas exchanges for stablecoin payments.

South Korea is preparing corporate crypto trading rules that are expected to exclude stablecoins such as USDT and USDC from permitted investment use. According to the latest crypto news, regulators are linking the decision to the Foreign Exchange Transaction Act. The law still does not recognize stablecoins as approved external payment instruments. Some firms are also…