South Korea’s won-backed stablecoins framework faces delays due to disputes between the Bank of Korea and regulators over bank dominance in issuance. The central bank pushes for banks to hold at least 51% ownership to mitigate risks, while regulators favor broader industry involvement, potentially stalling rollout until beyond 2025. Ongoing clash: Bank of Korea insists […]
Source: https://en.coinotag.com/south-koreas-won-backed-stablecoin-framework-faces-delay-amid-bank-role-disputes
