Korea Financial Services Commission: Will Proceed with Stablecoin Regulation Framework Development as Planned

BlockBeats News, April 17th, according to South Korean media reports, the Financial Services Commission of South Korea today issued a statement emphasizing that it will proceed with the development of a stablecoin regulatory framework as planned. The Financial Services Commission of South Korea refuted reports claiming that the US dollar stablecoin has become a major channel for capital outflows, stating that during the period from November 2024 to February 2025, the domestic inflow and outflow of the US dollar stablecoin were roughly equal (about 35.3 trillion Korean won).

The Financial Services Commission of South Korea had already listed the "Stablecoin Regulation Plan" as the top priority agenda item at the second virtual asset subcommittee meeting in January of this year, and plans to complete a detailed review through inter-agency working groups in the latter half of 2025.