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Why South Korea Can’t Agree on Who Should Issue Stablecoins

South Korea’s stablecoin rules remain stalled as regulators clash over whether banks or fintech firms should issue won-backed tokens, delaying the 2026 crypto law.

Key takeaways
Korea’s crypto bill is stalled over stablecoin issuer rules.
The central bank wants banks to remain in control, often framed as a “51%” threshold.
Regulators and lawmakers fear a bank-only model would limit competition.
Firms are lining… [8833 chars]

Source: Cointelegraph | Published: 2026-01-08T17:30:00Z

Credit: Cointelegraph

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