The South Korean President's Policy Planning Committee and financial regulatory authorities have launched a joint review of the requirements for the issuance of the Korean won stablecoin

According to ChainCatcher news, the Daily Economic News reported that the South Korean Presidential Policy Planning Committee recently held a meeting with financial regulatory agencies to discuss the issuance conditions and regulatory framework for stablecoins denominated in Korean won. The virtual asset task force under the committee also listened to supplementary reports from regulatory agencies, focusing on key issues such as capital requirements for issuers. It is said that regulatory authorities emphasized the need to establish clearer issuance standards to restrict the entry of small cryptocurrency companies that lack sufficient funding.