South Korea may ban corporate investment in stablecoins

According to South Korean media reports, the "Corporate Virtual Currency Trading Guidelines" being developed by the Financial Services Commission of South Korea may exclude stablecoins from the permitted investment scope.

The guidelines will outline the standards for listed companies and registered professional investment firms to trade digital assets for investment or financial purposes. To prevent blind investment in the early stages of the market, the regulatory agency has decided to exclude dollar-pegged stablecoins (such as Tether (USDT) and USD Coin (USDC)) when defining the scope of permitted investments.