South Korea FSS Views Stablecoin Payments Under Electronic Finance Act
South Korea's Financial Supervisory Service indicates that stablecoin transactions would naturally be governed by the Electronic Finance Act.
South Korea's Financial Supervisory Service has stated that using stablecoins for payments would inevitably fall under the scope of the Electronic Finance Act. The regulatory interpretation highlights how existing financial frameworks may apply to digital asset transactions in the country.
Original report: bloomingbit ↗
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