The Financial Services Commission of South Korea plans to submit a stablecoin regulatory bill in October
According to The Block, the Financial Services Commission of South Korea plans to submit a stablecoin regulatory bill to the legislative body in October, which includes requirements for issuance, collateral management, and risk control. This bill will be included in the legal framework for digital assets in the second phase. The four major banks in South Korea may meet with Heath Tarbert, President of USDC issuer Circle, next week to discuss stablecoin cooperation. Japan is also expected to approve the issuance of its first Japanese yen stablecoin in the autumn.
