Key Notes

South Korea’s Financial Services Commission will submit a won stablecoin bill to parliament in October.

Meanwhile, the US advanced its Genius Act and Japan is ready with its first yen stablecoin.

Eight major banks plan to launch a joint won-pegged stablecoin by 2025–26 as well.

South Korea is preparing to introduce legislation that could establish a regulatory framework for a won-pegged stablecoin, marking one of the country’s most ambitious pushes into the digital asset sector.

FSC to Submit Stablecoin Bill in October

According to local reports , the Financial Services Commission (FSC) will submit its stablecoin bill to the National Assembly in October.

The bill will outline rules for issuance, collateral management, and internal risk controls, forming part of the sec

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