The South Korean government and central bank are promoting amendments to the foreign exchange market law: planning to regulate stablecoins as payment tools

According to local media Digital Asset in South Korea, the South Korean government and central bank are promoting amendments to the country's foreign exchange market law to regulate stablecoins as a payment tool.

South Korea is currently formulating the "Basic Law on Digital Assets," which will establish an exchange licensing system and formulate rules for the issuance of stablecoins.