South Korea Proposes Regulation For Won-Back Stablecoins

South Korea is taking a leading role in the future of digital finance by proposing legislation for its use of stablecoins. The country’s government has outlined a plan to establish dedicated regulations for won-backed digital currencies, aiming to bring clarity and structure to this evolving technology. This move signals the growing recognition of stablecoins’ potential while addressing regulatory gaps that have emerged with their rapid adoption.