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South Korea takes first step toward stablecoin regulation with new bills

By Jenny Lee ( July 29, 2025, 04:49 GMT | Insight) -- South Korean lawmakers from both ruling and opposition parties have introduced separate bills to establish a legal framework for the issuance and circulation of stablecoins, setting the stage for full-scale legislative discussions in line with President Lee Jae Myung’s campaign pledge to institutionalize a won-based digital currency.South Korean lawmakers from both ruling and opposition parties have introduced separate bills to establish a legal framework for issuing and circulating stablecoins, setting the stage for full-scale legislative discussions in line with President Lee Jae Myung’s campaign pledge to institutionalize a won-based digital currency....

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