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.
Korea’s crypto bill is stalled over stablecoin issuer rules.
The central bank wants banks to remain in control, often framed as a “51%” threshold.
Regulators and lawmakers fear a bank-only model would limit competition.