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Korea Targets Stablecoin Issuance With Banking Restrictions
South Korea is taking a stricter approach to stablecoins. The Bank of Korea recently recommended that only licensed commercial banks issue won-denominated stablecoins. Officials say this move will prevent money laundering and protect the financial system. It follows high-profile hacks at exchanges like Bithumb, which exposed risks in unregulated digital assets. By limiting issuance to […]
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