Stablecoin Issuers | Crypto

South Korea's Democratic Party advances legislation requiring stablecoin issuers to maintain 5 billion won ($3.5 million) in capital and establishing an inter-ministerial Virtual Asset Committee, though Bank of Korea Governor Lee Chang-yong warns dollar-pegged tokens could weaken capital controls during market stress. The post South Korea’s New Crypto Bill Sets $3.5M Minimum for Stablecoin Issuers – Can It Pass? appeared first on Cryptonews.