South Korea draft bill puts stablecoins, RWAs under finance laws: Report

South Korea draft bill puts stablecoins, RWAs under finance laws: Report

5.57%TRX$0.3178 1.10%BCH$445.64 2.95%DOGE$0.09426 3.99%XLM$0.1624 4.80%ETH$2,248 7.08%BNB$613.23 2.66%SOL$84.43 6.18%HYPE$39.28 7.37%XMR$340.88 3.43%XRP$1.37 5.29%ADA$0.2578 6.10%BTC$71,711 4.69%USD Written by Ezra Reguerra,Staff WriterReviewed by Bryan O'Shea,Staff EditorSouth Korea draft bill puts stablecoins, RWAs under finance laws: Report26 minutes agoThe draft proposal from South Korea’s ruling party reportedly bars stablecoin interest and calls for technical standards to ensure interoperability across blockchain networks. South Korea’s ruling Democratic Party is reportedly preparing a draft bill that would classify stablecoins as foreign exchange payment instruments and require tokenized real-world assets (RWAs) to be backed by assets held in trust. Citing an integrated draft of the proposed Digital Asset Basic Act, the Seoul Economic Daily reported on Wednesday that stablecoins u

Source: https://cointelegraph.com/news/south-korea-stablecoin-fx-law-rwa-trust-draft?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound