Financial Services Commission
China turns against stablecoins; Sony preps PlayStation stable
China's central bank targets stablecoins amid regulatory challenges, while South Korea pushes for stablecoin legislation to advance digital finance.
US Bank tests Stellar stablecoin; European bankers see no use cases
U.S. Bank is testing a dollar stablecoin on Stellar, while Paxos acquires Fordefi to enhance DeFi services, amid global regulatory...
South Korea caps digital asset lending rates at 20%
South Korea caps digital asset lending at 20% interest, banning leverage services to enhance user protection and market stability amid...
South Korea’s central bank fights for stablecoin oversight
Korean legislators have drafted a bill that would give stablecoin oversight to the FSC, but the BOK wants a U.S.-style...
South Korea lays out roadmap for ETFs, probes exchange fees
South Korea advances its pro-crypto pledges under Lee Jae-myung, beginning with the submission of an ETF roadmap and investigation into...
South Korea unveils bill to allow stablecoin issuance
Under the proposed legislation, the authority will fall to the country's top finance sector watchdog, the FSC, instead of the...
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