South Korea plans to amend its forex law to regulate stablecoins as payment instruments, according to a report. The country is currently developing the Digital Asset Basic Act, which seeks to establish a comprehensive framework for crypto assets. The proposed reform would connect foreign exchange regulation with oversight of stablecoins used for payments.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
