NewsMV
A government-backed digital asset bill is reportedly taking shape inside South Korea's Financial Services Commission, with coverage extending to stablecoins and exchanges.
Opposition lawmakers are running a separate track to eliminate a 22% crypto tax scheduled for 2027. The two efforts are live simultaneously.
The FSC bill: stablecoins and exchanges in scope The Financial Services Commission's reported framework would address stablecoin issuance alongside exchange regulation under a single piece of legislation.
No draft text has been released publicly, and no committee hearing date is currently on record. The stablecoin component is the more technically specific piece.
Keep reading