South Korea's New Move to the Crypto World! 🇰🇷💰

- The South Korean Ministry of Finance has decided to monitor stablecoins more closely.

- The increasing use of stablecoins in cross-border transactions and industry criticisms triggered this decision.

- The Financial Services Commission (FSC) will prioritize stablecoins in the second phase of VAUPA.

- Tether holds $97.6 billion in US Treasury bonds, approaching South Korea's $116.7 billion in assets.

- The new regulations will include the issuance of stablecoins tied to the won.

How do you think these regulations will affect the crypto market? Let's meet in the comments! 💬🚀