South Korea steps closer to introducing stablecoin regulation

Legislation will pave way for introducing won-backed stablecoins, aimed to reduce reliance on the US dollar.

South Korea’s financial regulator is stepping closer to introducing a much-anticipated regulatory framework for stablecoins, according to reports in local media.

The country’s Financial Services Commission (FSC) will introduce the proposed legislation in October this year, as reported by MoneyToday. The regulatory framework will pave the way for banks to

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in