The new legislation aligns stablecoin oversight with electronic money regulations, setting stricter entry barriers for issuers in the country's crypto market.
South Korea has introduced a new crypto bill requiring stablecoin issuers to hold at least $3.5 million in minimum capital. The measure aligns oversight for stablecoins with existing electronic money regulations, aiming to improve stability and consumer protection in the growing digital payments sector. This step reflects broader global efforts to regulate stablecoins due to their increasing role in the financial system.