The ruling Democratic Party in South Korea is putting strong pressure on the financial authorities to quickly implement regulations for domestic stablecoin management, aiming for a model of stablecoins issued by banks.
🔸 According to Maeil Business News, the Democratic Party has issued an "ultimatum" to the Financial Services Commission (FSC), demanding the presentation of a stablecoin law proposal before December 10.
🔸 Lawmaker Kang Jun-hyeon stated that if the government does not propose on time, he will submit a bill initiated by a lawmaker to address it.
🔸 The ruling party wants to pres
View Original🔸 According to Maeil Business News, the Democratic Party has issued an "ultimatum" to the Financial Services Commission (FSC), demanding the presentation of a stablecoin law proposal before December 10.
🔸 Lawmaker Kang Jun-hyeon stated that if the government does not propose on time, he will submit a bill initiated by a lawmaker to address it.
🔸 The ruling party wants to pres



































