Stablecoins Clash: South Korea’s Biggest Parties Propose Rival Legislation
Description
The Democratic Party of Korea (DPK) and the People Power Party (PPP) are reportedly clashing after introducing two bills to regulate stablecoins in South Korea’s National Assembly, with the two bills differing on a key matter. South Korean National Assembly Divided On Monday, South Korea’s ruling and opposition parties proposed rival bills to establish a regulatory framework for digital assets pegged to the Korean Won (KRW) amid the ongoing efforts to institutionalize the sector in the coming mo...
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