South Korea's Financial Services Commission delays submission of Korean won stablecoin regulation bill

OnChainDetective · 2025-12-14T14:42:10+00:00

The ruling party in South Korea has called for the stablecoin regulation bill for the Korean won to be completed by December 10, but the Financial Services Commission failed to submit it on time, emphasizing that it takes time to coordinate the stance of the entire agency. This reflects South Korea's cautious attitude towards stablecoins, and the development of the regulatory framework will directly impact its market growth.

OnChainDetective

2025-12-14 14:42:10

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【ChainNews】The ruling party in South Korea previously issued a strict order to all ministries and the Financial Services Commission—by December 10th, they must finalize the regulatory bill for the Korean won stablecoin. What was the result? The Financial Services Commission did not submit the bill on time.

Their official statement is: coordinating the positions of various agencies takes time, and this task cannot be rushed. Rather than hurriedly completing it before the deadline, it’s better to first align the positions with the relevant departments and then formally submit the complete bill proposal to the National Assembly.

This situation reflects South Korea’s cautious attitude towards the new stablecoin sector. From the ruling party’s proactive push to the Financial Services Commission’s time requests, it’s clear that the stablecoin regulatory framework has entered a stage of high attention from all parties. The subsequent details of the bill will directly impact the development prospects of stablecoins in the Korean market.

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BearMarketNoodler

· 2025-12-15 17:47

Another delay? I really see through this Korean approach.

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rugpull_ptsd

· 2025-12-14 15:10

Haha, missed another deadline again. I've heard this excuse too many times. Coordination of positions takes time? Honestly, it's still each department having their own ideas.

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MoonMathMagic

· 2025-12-14 15:01

Yet again postponed. The Korean financial authorities are really something—they've dug themselves a hole that will take how long to fill?

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GetRichLeek

· 2025-12-14 14:50

Another bureaucratic delay show. I knew it would turn out like this. Over here in Korea, it's always loud thunder with little rain. They claim to have sorted out stablecoin regulation, but as soon as December 10th arrives, they start shifting the blame to "coordinate with various agencies." Truly unbelievable.

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