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18/08/25 21:50 UTC-04

South Korea to Introduce New Stablecoin Legislation in October

South Korea is introducing measures to regulate its domestic stablecoin market. The country’s main financial regulator — the Financial Services Commission (FSC) — plans to publish a new law in October 2025 focused on stablecoins pegged to the won. The law will serve as a supplement to the Act on the Protection of Virtual Asset Users.

The bill will focus on three key areas: issuance standards, collateral management, and internal control systems. In other words, any company issuing won-pegged stablecoins will be required to prove that all of its tokens are fully backed by fiat. This requirement eliminates insolvency risks that may arise from mismanagement of reserves.

In addition, issuers will be obliged to maintain strict internal control systems to ensure oversight of their daily operations and compliance with financial regulations.

The new rules are expected to bring several changes to the market. At the core of the bill lies investor protection and market stability. Under the new framework, issuers will face clearer obligations that could improve the quality of stablecoin-related services.

The full text of the bill will be published in October. With this initiative, South Korean authorities aim to keep pace with the United States, where a similar law has already been adopted.

See also: "The U.S. Treasury Secretary revealed a way to replenish the country’s Bitcoin reserve"

#Crypto Regulations #Stablecoins

Editor: Pereyidenko Ihor
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