Why South Korea is struggling to decide who can issue stablecoins

South Korea’s stablecoin rules are stalled as regulators clash over whether banks or fintechs should issue won-backed tokens.

Korea’s crypto bill is stalled over stablecoin issuer rules.

The central bank wants banks to remain in control, often framed as a “51%” threshold.

Regulators and lawmakers fear a bank-only model would limit competition.

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