South Korea's Presidential Policy Planning Committee and financial regulators jointly review requirements for issuing KRW stablecoins

2025/07/02 17:31

PANews reported on July 2 that according to the Daily Economic News, the South Korean Presidential Policy Planning Committee recently held a meeting with financial regulators to discuss the issuance conditions and regulatory framework for stablecoins denominated in Korean won. The virtual asset special working group under the committee also listened to supplementary reports from regulators, focusing on key issues such as capital requirements for issuers. It is said that the regulatory authorities emphasized the need to formulate clearer issuance standards to restrict the entry of small cryptocurrency companies that lack sufficient funds.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Sean ‘Diddy’ Combs, SBF’s Former Jailmate, Acquitted On Most Serious Charges

Sean ‘Diddy’ Combs, SBF’s Former Jailmate, Acquitted On Most Serious Charges

Sean ‘Diddy’ Combs, the one-time cellmate of FTX fraudster Sam Bankman-Fried, was acquitted of the most serious charges against him in Manhattan federal court on Wednesday. ‘Diddy’ Acquitted on Some Charges in High-Profile Trial According to reports, Combs was found not guilty of racketeering and sex trafficking charges brought against him by federal prosecutors on July 2. However, the rapper-turned-mogul was found guilty of prostitution-related charges tied to his ex-girlfriend, Cassie Ventura. Update 3: Cassie Ventura's lawyer Doug Wignor has written in opposing bail, "Ms. Ventura believes that Mr. Combs is likely to pose a danger to the victims who testified in this case, including herself, as well as to the community." Hearing 5 pm https://t.co/HJPH1X7I8H pic.twitter.com/QpfjPz6KXW — Inner City Press (@innercitypress) July 2, 2025 While the charges carry a maximum of 10 years in prison, NBC News reports that prosecutors will push for less than that. Jail time is based mainly on sentencing guidelines and is at the discretion of the federal judge overseeing the case. Sam Bankman-Fried Faces the Music Combs has been held at Metropolitan Detention Center (MDC) in New York City, where he previously lived in the same prison block as former crypto kingpin Sam Bankman-Fried. According to a September 2024 report from NBC News, sources claimed Bankman-Fried and Combs were being held in a “barrack-style area” that housed no more than 20 inmates who may have required “special detention” due to their high-profile status. MDC is known for heightened violence and poor conditions, with several stabbings taking place just last year. In one instance cited by U.S. District Judge Gary R. Brown , MDC inmates have regularly dealt with delayed medical care, aging infrastructure, and “frequent lockdowns due to violence.” However, with federal prison time already under Combs’ belt, the rapper’s legal defense is set to push for no more time served. Bankman-Fried, meanwhile, is continuing his sentence at Terminal Island FCI in his home state of California after a recent interview conducted from his cell at MDC. The former “king of crypto” is serving 25 years for orchestrating a massive digital asset scheme that saw over $8 billion worth of customer funds stolen.
Share
CryptoNews2025/07/03 07:01