🔗 Crypto & Blockchain

South Korea's Stablecoin Crackdown: Draft Bill Buries Crypto Under Old Finance Rules

Everyone figured South Korea's crypto regs would play nice with innovation. Wrong. This draft bill yanks stablecoins and tokenized assets straight into the financial regulatory meat grinder.

South Korean flag overlayed with stablecoin icons and regulatory documents

⚡ Key Takeaways

  • Stablecoins treated as foreign exchange payments, facing strict oversight. 𝕏
  • Tokenized RWAs require assets in managed trusts—no exceptions. 𝕏
  • No interest allowed on stablecoins; interoperability standards incoming. 𝕏
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Originally reported by Cointelegraph

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