South Korea Proposes New Crypto Bill with Stablecoin Licensing Rules

Called the Digital Asset Basic Act, the proposal includes a licensing system for stablecoin issuers. To qualify, issuers must hold over 500 million Korean won (about $367,890) in owner’s capital. Min, a member of the ruling Democratic Party, said the … source: https://coinpedia.org/crypto-live-news/south-korea-proposes-new-crypto-bill-with-stablecoin-licensing-rules/