
South Korea Wants Stablecoins Written Into Its Forex Law Within The Year
This story was originally published on HackerNoon at: https://hackernoon.com/south-korea-wants-stablecoins-written-into-its-forex-law-within-the-year.
South Korea plans to amend its forex law this year to regulate stablecoins as payment instruments, as the Bank of Korea flags mixers and unhosted wallets.
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #crypto-regulation, #south-korea-stablecoin, #south-korea-forex-law, #stablecoins, #digital-asset-basic-act, #stablecoin-regulation, #south-korea-crypto-laws, #bank-of-korea-forex-law, and more.
This story was written by: @thebitcoinact. Learn more about this writer by checking @thebitcoinact's about page,
and for more stories, please visit hackernoon.com.
The South Korean government and the Bank of Korea plan to revise the Foreign Exchange Transactions Act this year to regulate stablecoins as payment instruments. The bill, to be jointly prepared within this year, comes with a monitoring framework for virtual assets. The Bank of Korea says mixers and unhosted wallets increase anonymity and make illicit activities easier to carry out. The broader Digital Asset Basic Act, covering exchange licensing and stablecoin issuance, is nearing completion according to the Financial Services Commission chairman.
Mais episódios de "Web3 Tech Brief By HackerNoon"



Não percas um episódio de “Web3 Tech Brief By HackerNoon” e subscrevê-lo na aplicação GetPodcast.








