South Korea plans to tighten regulations on stablecoin issuance, with bank control becoming a core requirement
On January 8, 2026, the Financial Services Commission (FSC) of South Korea adjusted its position, supporting the restrictive proposal by the Bank of Korea (BOK) on stablecoin issuance, drawing widespread attention.
According to the proposed amendment, stablecoin issuers must be controlled by banks, with banks holding more than 50% of the total shares. Technology companies may become the single largest shareholder but must hold less than the bank.
The new rules also specify that the issuer must have a minimum paid-in capital of 5 billion KRW (approximately 3.7 million USD), with the regulatory threshold potentially raised in response to market developments. Additionally, cryptocurrency exchanges will face higher IT stability standards and will be required to compulsorily compensate for losses due to hacking incidents. Violators may be fined up to 10% of their annual revenue.
This proposal highlights the ongoing disagreements among South Korea's ruling party, financial regulators, and central bank, and its final implementation remains subject to further negotiation.
#稳定币
On January 8, 2026, the Financial Services Commission (FSC) of South Korea adjusted its position, supporting the restrictive proposal by the Bank of Korea (BOK) on stablecoin issuance, drawing widespread attention.
According to the proposed amendment, stablecoin issuers must be controlled by banks, with banks holding more than 50% of the total shares. Technology companies may become the single largest shareholder but must hold less than the bank.
The new rules also specify that the issuer must have a minimum paid-in capital of 5 billion KRW (approximately 3.7 million USD), with the regulatory threshold potentially raised in response to market developments. Additionally, cryptocurrency exchanges will face higher IT stability standards and will be required to compulsorily compensate for losses due to hacking incidents. Violators may be fined up to 10% of their annual revenue.
This proposal highlights the ongoing disagreements among South Korea's ruling party, financial regulators, and central bank, and its final implementation remains subject to further negotiation.
#稳定币
