{"id":63853,"date":"2025-12-01T15:04:18","date_gmt":"2025-12-01T15:04:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/south-korea-moves-to-tighten-stablecoin-rules-with-a-bank-led-model\/"},"modified":"2025-12-01T15:04:18","modified_gmt":"2025-12-01T15:04:18","slug":"south-korea-moves-to-tighten-stablecoin-rules-with-a-bank-led-model","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/south-korea-moves-to-tighten-stablecoin-rules-with-a-bank-led-model\/","title":{"rendered":"South Korea moves to tighten stablecoin rules with a bank-led model"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251201_1124_South-Korea-Stablecoin-Regulation_simple_compose_01kbc7jrvpe5y9exmse6478wqm-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251201_1124_South-Korea-Stablecoin-Regulation_simple_compose_01kbc7jrvpe5y9exmse6478wqm-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251201_1124_South-Korea-Stablecoin-Regulation_simple_compose_01kbc7jrvpe5y9exmse6478wqm-1-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251201_1124_South-Korea-Stablecoin-Regulation_simple_compose_01kbc7jrvpe5y9exmse6478wqm-1-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>&#13;<\/p>\n<li>The new legislation builds on the Digital Asset Basic Act by adding detailed rules for stablecoin oversight.<\/li>\n<p>&#13;<\/p>\n<li>The framework outlines how global stablecoins like USDT and USDC will be treated in Korea.<\/li>\n<p>&#13;<\/p>\n<li>Officials warn delays could leave Korea behind other regions that tightened rules in 2025.<\/li>\n<p>&#13;\n<\/ul>\n<p>South Korea is taking a major step toward formalising how won-based stablecoins will be issued and supervised, after lawmakers settled a long-running dispute over who should control the process.<\/p>\n<p>A closed-door meeting brought clarity to the core question of authority, with policymakers agreeing that banks should lead the effort while still allowing tech firms to participate.<\/p>\n<p>The move comes at a time when crypto adoption is rising among people aged 20 to 50, and when global players continue to dominate stablecoin markets.<\/p>\n<p>With a December deadline approaching, officials want to finalise a structure that supports innovation but keeps monetary stability at the centre of regulation.<\/p>\n<h2 class=\"wp-block-heading\">Consortium model defines the role of banks and tech firms<\/h2>\n<p><a href=\"https:\/\/www.mk.co.kr\/en\/stock\/11481195\">A Dec. 1 report<\/a> by Maeli Business Newspaper said lawmakers agreed on a consortium model where banks maintain majority control of stablecoin-issuing entities.<\/p>\n<p>Tech companies will still be able to participate, but financial institutions will take the lead to reduce systemic risks.<\/p>\n<p>The goal is to create a Korean-style stablecoin framework that mirrors the safeguards of traditional finance, with clear rules governing reserves, issuance, and supervision.<\/p>\n<p>The model was designed to align with the Bank of Korea\u2019s concerns about protecting the money supply.<\/p>\n<p>It also provides a common structure for private companies, reducing the risk of fragmented products entering the market without consistent stability mechanisms.<\/p>\n<p>By setting shared standards early, policymakers hope to shape a domestic stablecoin ecosystem that can support innovation without compromising financial security.<\/p>\n<h2 class=\"wp-block-heading\">Government faces Dec. 10 deadline for its proposal<\/h2>\n<p>Senior Democratic Party lawmaker Kang Joon-hyun said the government must submit its proposal by Dec. 10. If it misses the deadline, lawmakers will move ahead with their own version of the bill.<\/p>\n<p>The aim is to pass the legislation during the National Assembly\u2019s January extraordinary session, after consultation with the ruling People Power Party and the president\u2019s office.<\/p>\n<p>This new act expands on the Digital Asset Basic Act passed earlier this year.<\/p>\n<p>That earlier law established licensing rules for issuers, requirements for reserve protection, and compliance obligations for virtual asset service providers.<\/p>\n<p>The upcoming bill fills in the remaining regulatory gaps by specifying how stablecoins should be managed when they operate like traditional financial instruments.<\/p>\n<p>It also provides clearer guidance for US-based stablecoins such as USDT and USDC, which have become increasingly influential in Korea\u2019s growing digital asset market.<\/p>\n<h2 class=\"wp-block-heading\">Push to match progress in global markets<\/h2>\n<p>Officials warn that delays could leave Korean companies trailing behind their global competitors.<\/p>\n<p>The US, EU, and Japan strengthened their stablecoin rules in 2025, creating a more defined landscape for exchanges and financial institutions.<\/p>\n<p>Korean regulators want to avoid losing momentum, especially as domestic interest in crypto continues to rise.<\/p>\n<p>The updated framework aims to reduce uncertainty for developers, financial firms, and exchanges.<\/p>\n<p>By bringing digital assets closer to mainstream financial oversight, authorities hope to support responsible growth and give consumers access to well-regulated products.<\/p>\n<p>The focus is on keeping the domestic market aligned with international standards while maintaining space for private-sector innovation.<\/p>\n<h2 class=\"wp-block-heading\">Lawmakers discuss wider reforms on security and markets<\/h2>\n<p>The meeting also covered planned updates to financial security and capital-market rules.<\/p>\n<p>After recent hacking incidents at major financial companies, officials intend to revise the Electronic Financial Transactions Act.<\/p>\n<p>Proposed changes include tougher penalties and stronger enforcement following cyber breaches.<\/p>\n<p>Lawmakers are also working with opposition parties on a set of capital-market reforms.<\/p>\n<p>These include rules that would require mandatory tender offers in certain corporate situations.<\/p>\n<p>They also plan to update share-allocation standards so that everyday investors have fairer access to offerings.<\/p>\n<p>The goal is to improve transparency and strengthen market integrity as Korea reshapes its financial regulatory environment.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/south-korea-moves-to-tighten-stablecoin-rules-with-a-bank-led-model\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) &#13; The new legislation builds on the Digital Asset Basic Act by adding detailed rules for stablecoin oversight. &#13; The framework outlines how global stablecoins like USDT and USDC will be treated in Korea. &#13; Officials warn delays could leave Korea [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":63854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/63853"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=63853"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/63853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/63854"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=63853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=63853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=63853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}