South Korea released a policy report outlining temporary licensing measures and more flexible rules for stablecoin issuers to come into effect before the new Digital Asset Basic Act takes hold. The proposal aims to create a regulatory framework that addresses stablecoin operations independently from the full crypto law, which is still under development.
Among the key points, the report suggests an interim licensing system that would allow stablecoin projects to continue functioning with clearer guidelines. It also calls for a balanced approach that supports innovation while protecting investors and maintaining financial stability.
This move reflects growing global attention to stablecoins amid concerns over their impact on monetary systems. South Korea’s approach could influence other markets as regulators worldwide seek to integrate stablecoins into existing financial structures without stifling growth.
