A South Korean lawmaker has urged the swift legalization of stablecoins, arguing they have become an irreversible trend in the country’s financial system. The remarks emphasize that stablecoins are increasingly used in financial activities, prompting policymakers to consider how to respond.
The call highlights the need for a clear regulatory path to address risk, consumer protection, and financial stability as stablecoins gain prominence. It signals a shift in Korea’s approach to digital assets and suggests potential policy action in the near term.
While supporters argue for innovation and market efficiency, regulators are expected to outline safeguards such as disclosure standards and compliance rules. These safeguards would help ensure resilience as stablecoins gain prominence.
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