South Korea's FSC Misses Deadline for Won-Backed Stablecoin Regulatory Bill

KuCoinFlash

Release Time:12/14/2025 14:56:20

South Korea’s FSC missed the December 10 deadline to submit a stablecoin regulation bill, according to TechFlow. The Democratic Party had set the deadline to push for a January 2026 introduction, aligning with President Lee Jae-myung’s campaign pledge. An FSC rep said coordination delays caused the delay. The Bank of Korea wants control over stablecoin issuance to prevent risks like Countering the Financing of Terrorism and to maintain monetary policy. The FSC argues its approval is enough, citing EU and Japan models.

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