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Financial Services Commission examines BDACS’s KRW1 stablecoin VASP filing

Verifying
  • BDACS linked its VASP filing to KRW1 issuance and redemption in its white paper.
  • BDACS filed for two of five VASP business categories: transfer and custody and management.
  • South Korea has no rules governing won-denominated coins, officials said.
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