BlockBeats news, on December 14, according to the South Korean media Newsis, at the beginning of this month, the ruling party in South Korea called on various ministries and the Financial Services Commission (FSC) to submit a regulatory bill for the Korean won stablecoin by December 10, but the FSC failed to submit the bill on time. An FSC spokesperson stated that the FSC needs more time to coordinate positions with relevant agencies, and that it would be better to announce their proposal when submitting the bill to the National Assembly rather than rushing to complete the proposal before the set deadline. The FSC stated that this action is to protect the public's right to know about the matter.
South Korean regulatory agency failed to submit the Korean won stablecoin regulatory bill on time
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