2025.11.25
FSC Rejects Bank of Korea’s Stablecoin Emergency Powers
South Korea’s Financial Services Commission has rejected the central bank’s bid for emergency intervention powers over KRW stablecoins, exposing a major policy divide.
The FSC argues such authority would have limited benefit, while lawmakers push for broader participation by non-bank issuers. Meanwhile, the Bank of Korea warns of risks including de-pegging and digital bank runs.
With a stablecoin licensing framework expected soon, Korea’s final regulatory direction will influence innovation, competition, and market oversight.
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