COINOTAG News, citing South Korean media Newsis, reported on December 14 that the ruling party pressed multiple ministries and the Financial Services Commission to submit a regulation proposal for a South Korean won stablecoin by December 10. The move underscores intensified focus on stablecoin regulation and broader cryptocurrency policy among lawmakers.
With the deadline elapsing, the FSC indicated it did not submit the proposal on time, saying more coordination with relevant agencies was required. Rather than rushing a draft, the commission said it would publish the proposal when forwarded to the National Assembly, stressing public disclosure and transparency.
Observers note the delay introduces a practical cadence for financial regulators as they align with other ministries, potentially shaping the regulatory landscape and expectations for future stablecoin policy in the world’s third-largest economy for crypto.
Source: https://en.coinotag.com/breakingnews/south-korea-won-stablecoin-regulation-delayed-as-fsc-postpones-proposal-plans-to-announce-with-national-assembly
