South Korea’s long-awaited crypto law stalls over who can issue stablecoins

The highly anticipated cryptocurrency legislation in South Korea, which has been in the works for quite some time, has come to a halt due to disagreements and uncertainties surrounding the criteria for determining who is authorized to issue stablecoins. This delay is causing concern among industry stakeholders, as they were expecting clearer regulatory guidelines that would facilitate the growth of the cryptocurrency market and provide necessary protections for investors. The ongoing discussions highlight the complexities involved in regulating digital currencies and the need for a consensus on responsible issuance practices to ensure the stability and integrity of stablecoins. source: https://www.coindesk.com/policy/2025/12/30/south-korea-s-long-awaited-crypto-law-stalls-over-who-can-issue-stablecoins