The Bank of Korea has determined that it is necessary to implement an initial exchange offering (IEO) framework for digital assets in Korea and to reexamine how foreign exchange transaction laws are applied to stablecoins. The Bank of Korea acknowledged the need to take into account introducing an IEO that only permits the issuance of crypto assets that have undergone exchange screening and prohibits fundraising through initial coin offerings carried out individually by crypto asset issuers in the report "Key Issues and Legislative Directions on Crypto Asset Regulation." The research emphasized the need for a discussion on whether to apply foreign exchange-related restrictions to the trading of crypto assets, particularly in light of the rise in cross-border transfers of crypto assets and stablecoins.

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