South Korea’s Presidential Policy Planning Committee and Financial Regulators Launch Joint Review on Requirements for Issuing KRW Stablecoins

According to ChainCatcher, as reported by National Business Daily, South Korea's Presidential Policy Planning Committee recently held a meeting with financial regulatory authorities to discuss the issuance conditions and regulatory framework for stablecoins denominated in Korean won. The committee's dedicated virtual asset task force also received additional briefings from regulators, with a particular focus on key issues such as capital requirements for issuers. It is reported that regulatory authorities emphasized the need to establish clearer issuance standards to restrict entry by small cryptocurrency firms lacking sufficient capital.