South Korea amends foreign exchange law to regulate stablecoins as a means of payment

- South Korea is amending its foreign exchange law to regulate stablecoins as a means of payment.
- The country is also developing a Digital Asset Basic Act to establish a comprehensive framework for cryptocurrency.
- The information was released as South Korea steps up regulation of the digital asset sector.
- The RSS source has not provided further details about the specific amendments to the foreign exchange law or when they will take effect.

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Source: The Block