South Korea plans to have banks lead the issuance of a Korean won stablecoin
2026-11-12 12:12:52
According to CoinMeta, South Korea's draft "Digital Assets Basic Act" announced this month proposes that a consortium led by banks be responsible for issuing Korean won stablecoins. After the banks take on the issuance, exchanges and third-party payment platforms will handle the circulation between consumers and merchants, making user access and use cases key factors in competition. The integration of the operations of Dunamu and Naver Financial could become an important variable. If the related services are approved, Dunamu can generate revenue through stablecoin transactions, while Naver Financial can charge fees through merchant payments and settlements. South Korea's financial regulatory authorities have stated that if stablecoins are used for electronic payments, the relevant services must comply with the "Electronic Financial Transactions Act," which specifies obligations regarding the protection of recharge funds and settlement funds, management of transaction information, and dispute resolution.
Source:Internet
This content is for market information only and does not constitute investment advice.
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