Korea

South Korea’s main political parties each introduced proposed laws to regulate stablecoins pegged to the Korean won. The two bills differ mainly on whether to...

The Bank of Korea is proposing a new multi-department policy group to guide stablecoin regulations.Korea’s government is debating stablecoin oversight between the Financial Services...

The Bank of Korea aims for commercial banks to issue won-based stablecoins first, before expanding distribution to other sectors. Regulators express concerns about market disruption,...

Parataxis Holdings will launch a Bitcoin treasury platform by acquiring Bridge Biotherapeutics in South Korea. The investment totals $18.5 million for a controlling stake, transforming...

South Korea’s Democratic Party introduced new digital asset legislation to refine stablecoin oversight.The Financial Services Commission keeps main supervision but must now consider the...

Lee Jae-myung, recently elected President of South Korea, is moving forward with a bill focused on stablecoins. The proposed law would let companies issue stablecoins...

The Democratic Party of Korea has introduced draft legislation to ease digital asset regulations, including stablecoin issuance and crypto exchange operations. The new proposal would...

Bank of Korea is actively promoting its central bank digital currency (CBDC) efforts to Korea’s top banks. Korea’s largest banks recently announced a joint private...