NEW: The South Korean government and central bank are pushing to amend the country's forex market law to regulate stable | Hanami
NEW: The South Korean government and central bank are pushing to amend the country's forex market law to regulate stablecoins as a payment instrument, local news outlet Digital Asset reported.
South Korea is currently preparing its crypto regulatory framework — the Digital Asset Basic Act — which would establish licensing regimes for exchanges and rules for stablecoin issuance.