South Korean Presidential Candidate Lee Jae-myung: Proposes Issuing a Korean Won Stablecoin
Democratic presidential candidate Lee Jae-myung proposed the introduction of a stablecoin pegged to the Korean won. However, there is currently no clear answer on whether a license is required for stablecoins or if registration alone suffices. Even the question of who will regulate it—whether the Bank of Korea or the Financial Services Commission—remains unresolved.
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