Based on CoinPaper, South Korean lawmakers have given financial regulators an ultimatum to submit a draft stablecoin bill by December 10, 2025. If the deadline is not met, the ruling party's Political Affairs Committee will draft its own legislation, which could be presented in an extraordinary session in January 2026. The Financial Services Commission confirmed discussions with the ruling party and agreed to expedite the drafting process. The Bank of Korea, meanwhile, advocates for banks to control stablecoin issuance, while regulators and industry figures push for a broader, more inclusive framework.
South Korean Lawmakers Set December 10 Deadline for Stablecoin Bill Draft
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