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South Korea to Release Stablecoin Regulation Proposal This Month

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South Korea is set to unveil its stablecoin regulation proposal this month, as part of the second stage of the Digital Asset Basic Act. The plan includes measures aligned with CFT standards, with the FSC and BOK agreeing on key aspects like issuing entity designations and a policy consultative body. The framework aims to provide clarity for stablecoin operations while balancing innovation and stability. The move is likely to shape regulatory approaches in other Asian markets.
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