South Korea Unveils Second Phase of Crypto Regulations: What’s Next for Stablecoins and User Protection.
Analysis of South Korea’s Crypto Regulation Developments South Korea has officially commenced the second phase of its cryptocurrency regulations, focusing on stablecoins and user protection. The Financial Services Commission (FSC) aims to draft the new bill by mid-2025, following the implementation of the Virtual Asset User Protection Act in July 2024. This development is significant,…