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South Korea’s Central Bank Wants to Oversee Stablecoins

The country joins other jurisdictions in proposing standards for stablecoin issuance.

Updated Dec 7, 2022, 7:08 p.m. Published Dec 7, 2022, 5:50 p.m.
A report from the Bank of Korea argues for having stablecoin issuers meet requirements on minimum capital and reserve assets. (Ciaran O'Brien/Unsplash)
A report from the Bank of Korea argues for having stablecoin issuers meet requirements on minimum capital and reserve assets. (Ciaran O'Brien/Unsplash)