South Korea's Crypto Law is Delayed Due to Stablecoin Debate

The Stablecoin Dispute Continues in South Korea

South Korea’s anticipated Digital Asset Fundamental Law is delayed due to disagreements over the issuance authority of stablecoins. In this context, the Bank of Korea advocates for stablecoins to be issued only by banks with a 51% ownership stake.

On the other hand, the Financial Services Commission (FSC) warns that this situation could hinder innovation. This disagreement between the two institutions suggests that the passage of the law in parliament may be delayed until January.

The full implementation of the law appears unlikely until 2026. This uncertainty poses a significant issue for investors and represents a critical topic for those monitoring developments in the markets.