South Korea Plans Foreign Exchange Law Amendment to Regulate Stablecoin Payments
Photo: Crypto Economy
TL;DR South Korea plans to amend its Foreign Exchange Transactions Act this year to regulate stablecoins as payment instruments and improve monitoring of cross-border digital asset transfers. The Bank of Korea is preparing reporting systems and international cooperation measures while authorities address mixers, personal wallets and potential regulatory gaps. The amendment is not yet enacted ... Read more
Source: Crypto Economy
