π’ South Korea Tightens Grip on Stablecoinsπ°π·
β’ The Bank of Korea is urging regulators to limit won-based stablecoin issuance to licensed commercial banks only.
β’ Main concern is risks around money laundering and overall financial stability.
β’ This could reshape how KRW stablecoins operate and who gets to issue them.
β’ The Bank of Korea is urging regulators to limit won-based stablecoin issuance to licensed commercial banks only.
β’ Main concern is risks around money laundering and overall financial stability.
β’ This could reshape how KRW stablecoins operate and who gets to issue them.
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