South Korea Stablecoin Framework Delayed

[madmax]

Disputes over the role of banks in issuing won-backed stablecoins have delayed South Korea’s regulatory framework, likely leaving the country without rules for local stablecoins by year-end.

[Rimon Khan]

The delay could slow stablecoin progress in the region.

[Nahid Hossen]

Hopefully the updated framework brings clearer rules when it arrives.