Why South Korea Can’t Agree on Who Should Issue Stablecoins

South Korea Stablecoin Fight Delays Rules Until 2026

The US didn’t just validate crypto; it allowed the big boys to place big bets on the industry. Spot Bitcoin and Ethereum ETFs were gamechangers. The GENIUS Act came, and now, everyone is watching closely. Among them is South Korea. If you remember well, South Korea banned crypto ICOs back in the day and took a more restrictive approach to holding some of the best cryptos to buy. Licensing for operators is mandatory. It has been good for holders,…

South Korea Plans Bank-Controlled Stablecoins Amid Political Clash

South Korea’s plan to legalise a bank-led, won-denominated stablecoin is facing political resistance. The push is deepening long-standing tensions between financial regulators, the central bank and the ruling Democratic Party of Korea (DPK) over who should be allowed to issue stablecoins under the country’s first comprehensive digital asset law. At the heart of the dispute is capital liberalisation. According to The Korea Times, policymakers fea…

South Korea’s Bank-Issued Stablecoin Plan Runs Into Political Resistance

The Financial Services Commission (FSC) of South Korea supports the issuance of stablecoins by bank–led consortia. Banks must maintain majority ownership, although a tech company can be the largest single shareholder. The proposal requires stablecoin issuers to have a minimum paid-in capital of 5 billion won (US$3.7 million), a figure that could increase as the market develops. Cryptocurrency exchanges will need to meet stricter requirements, in…

Why South Korea is struggling to decide who can issue stablecoins

South Korea’s stablecoin rules are stalled as regulators clash over whether banks or fintechs should issue won-backed tokens.

Why South Korea Can’t Agree on Who Should Issue Stablecoins

South Korea’s stablecoin rules remain stalled as regulators clash over whether banks or fintech firms should issue won-backed tokens, delaying the 2026 crypto law.