South Korea Proposes New Crypto Bill with Stablecoin Licensing Rules
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South Korean lawmaker Min Byeong-deok has introduced a new bill aimed at strengthening crypto regulations. Called the Digital Asset Basic Act, the proposal includes a licensing system for stablecoin issuers. To qualify, issuers must hold over 500 million Korean won (about $367,890) in owner’s capital. Min, a member of the ruling Democratic Party, said the bill is designed to position South Korea as a leader in the global digital economy by setting clearer rules for the crypto space.
U.S. Backs Stablecoins to Boost Dollar Power, Eyes $2T Market, Says U.S. Treasury
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Big News: Ripple’s RLUSD Becomes Gateway to US Treasuries as OUSG Goes Live on XRPL
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DWF Labs’ Andrei Grachev Challenges Near Protocol to Cut Inflation of NEAR By 50% To Attract More Investment
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