Overview
- South Korean regulators unveiled a draft Wednesday that classifies stablecoins as foreign‑exchange payment tools, putting them under existing FX oversight.
- International transfers would face tighter checks, with narrow carve‑outs for low‑value domestic purchases of goods and services.
- Interest‑bearing features on stablecoins would be banned nationwide so the tokens serve as payment tools rather than investments.
- Tokens tied to real‑world assets must be backed by assets held in managed trusts under the Capital Markets Act with disclosure, audits, and compliance rules.
- The Financial Services Commission would set interoperability standards to ensure different blockchain networks can work together under clear rules.