Postponement of FSC in South Korea for Stablecoin Regulatory Proposal

According to Foresight news, the ruling party in South Korea has requested the Financial Services Commission (FSC) and other ministries to submit a regulatory proposal for a stablecoin backed by the Korean won by December 10. However, the FSC has not committed to the deadline.

A spokesperson for the FSC explained that the commission needs additional time to coordinate with the relevant agencies. Instead of rushing to meet the deadline, the FSC plans to present the proposal to the National Assembly while also making it public. This approach aims to ensure transparency and protect the public's right to be informed about the matter.$BTC

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