🚨🇰🇷 KOREA GOES FULL CRYPTO MODE! NEW RULES — HUGE MARKET IMPACT 🇰🇷🚨
South Korea is preparing a major move that could reshape the crypto market 🔥
The government is working on the Basic Act on Digital Assets, the second phase of its virtual asset legislation — and it’s BIG.
💥 WHAT’S INSIDE THE LAW? 🔹 100%+ reserve requirements for stablecoins — no “air-backed” tokens
🔹 Maximum investor protection 🛡️
🔹 Strict (no-fault) liability for digital asset operators
🔹 Bankruptcy risk isolation for stablecoin issuers
🔹 Reserves must be held in banks or trust institutions, not hidden elsewhere 👀
📉📈 WHY MARKETS ARE WATCHING CLOSELY ➡️ South Korea is one of the largest crypto markets globally
➡️ Strong regulation = higher trust + institutional inflows
➡️ This framework could become a global regulatory blueprint
⏳ BUT THERE’S A TWIST The bill submission has been delayed until next year due to disagreements between: 🏦 Financial Services Commission (FSC)
🏛️ Bank of Korea
Key disputes include: ▪️ Who can issue stablecoins
▪️ Which authority should act as the main regulator
The FSC says it is actively working with relevant agencies to narrow these differences step by step.
💣 BOTTOM LINE FOR TRADERS & INVESTORS When regulation tightens, chaos fades and capital follows 💰
Stablecoins + clear rules = lower risk, higher volumes
👀 Stay alert — South Korea could be igniting the next major crypto wave 🚀
#Crypto #Stablecoins #Regulation #SouthKorea $BTC $BNB $ZEC