Korea | Crypto

South Korean lawmakers have criticized Lee Eok-won, the nominee for the post of chairman at the Financial Services Commission, for buying shares in the Bitcoin (BTC)-keen US firm Strategy. The post S Korea’s New Top Regulator Faces Scrutiny Over Strategy Shares, Crypto Comments appeared first on Cryptonews.

Binance and Tether are eyeing Korea’s stablecoin rules that may boost coins pegged to the South Korean won or strengthen USD dominance. South Korea has become a key focus in the global stablecoin conversation as it draws close attention from major players like Binance and Tether.  Both companies are among the largest stablecoin issuers worldwide, and they both could face major challenges depending on how new regulations unfold in the East Asian nation.  Read more

Crypto advocates, IT experts, and media outlets are concerned that lawmakers’ deliberations on South Korea’s stablecoin legislation have “slowed to a standstill.” The post Frustration Grows as S Korea’s Stablecoin Legislation ‘Slows to Standstill’ appeared first on Cryptonews.