The Financial Services Commission (FSC) of South Korea supports the issuance of stablecoins by bank–led consortia. Banks must maintain majority ownership, although a tech company can be the largest single shareholder.
The proposal requires stablecoin issuers to have a minimum paid-in capital of 5 billion won (US$3.7 million), a figure that could increase as the market develops.
Cryptocurrency exchanges will need to meet stricter requirements, including higher IT stability standards, mandatory compensation for hacking losses, and fines of up to 10% of annual revenue.
South Korean authorities justify the measure to prevent under-backed stablecoins from affecting monetary policy or money supply outside central bank control.
The new regulation requires exchanges to keep at least 80% of client funds in cold wallets and maintain a minimum liability coverage of 5% on hot wallets. Between January 2023 and September 2025, 20 incidents at local exchanges affected more than 900 users and caused losses exceeding 5 billion won
Source: https://www.techinasia.com/news/south-koreas-bank-led-stablecoin-plan-raises-concerns
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions
