South Korea's Crypto Push: New Laws & Won-Based Stablecoins

South Korea's racing to regulate crypto! A new Digital Asset Task Force aims to pass laws on stablecoins and virtual assets by year's end, protecting monetary sovereignty after billions in digital assets flowed overseas. The goal? A Korean won-backed stablecoin to rival the US dollar, stronger consumer protections, and fostering digital asset innovation through collaboration with regulators and crypto firms. Expect intense negotiations ahead as multiple bills compete for bipartisan support. Hosted on Acast. See acast.com/privacy for more information.