South Korea Tightens Regulatory Grip on Stablecoins as Innovation Rises

To prevent disruption to its financial system, the South Korean Financial Services Commission (FSC) is prioritizing robust safeguards for stablecoin innovation. Chair Lee Eog-weon emphasizes that regulatory oversight will ensure these disruptive technologies are implemented safely and effectively. He outlined a three-pronged framework of global consistency, innovation, and stability for any future stablecoin regulations.