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🇰🇷🕵️ According to Herald Economics, South Korea's financial regulators are inclined to exclude dollar-pegged stablecoins such as $USDT and $USDC from the list of permissible investments for companies investing in cryptocurrencies. The regulators argue that the Foreign Exchange Transaction Act has not recognized stablecoins as a legal means of cross-border payment, which would create a conflict with the existing legal framework if corporations were allowed to invest in them. #stablecoin
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