South Korea Plans to Allow Banks and Non-Bank Institutions to Jointly Issue KRW Stablecoins
ChainCatcher news, according to News1, the Korean National Policy Planning Committee is considering granting the right to issue Korean won stablecoins to consortiums composed of banks and non-bank institutions, with related regulation and licensing to be overseen by the Financial Stability Council.
This initiative aims to combine the stability of banks with the innovation of fintech companies, and the relevant bill is expected to be promoted by the Financial Services Commission in October.
.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Telephone & Data Systems Insider Sold Shares Worth $2,964,811, According to a Recent SEC Filing
Goldquest Mining Appoints Dennis Kwong as CFO
Flag Ship Acquisition to Merge With Bluechip in $400 Million Deal
10-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
