New rules for stablecoin issuers in South Korea may not come into effect until next year.
🏦 The reform push has been slowed down due to disagreements among authorities about which organizations should be allowed to issue such assets.
According to the draft, issuers must hold reserves in bank deposits or government bonds.
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⚖️ South Korea delays stablecoin regulation
New rules for stablecoin issuers in South Korea may not come into effect until next year.
🏦 The reform push has been slowed down due to disagreements among authorities about which organizations should be allowed to issue such assets.
According to the draft, issuers must hold reserves in bank deposits or government bonds.