December 10 Deadline: South Korean Legislators Warn of Skipping Regulators for Stablecoin Legislation
Legislative Ultimatum: South Korean lawmakers have set a deadline of December 10 for financial regulators to draft a stablecoin bill, threatening to create their own legislation if unmet.
Regulatory Disagreement: The Bank of Korea advocates for banks to have majority control over stablecoin issuers, while the Financial Services Commission supports a more inclusive approach allowing various entities to issue stablecoins.
Industry Criticism: Industry leaders, like Sangmin Seo of the Kaia DLT Foundation, argue against the bank-centric model for stablecoin issuance, calling for clearer guidelines for all potential issuers.
Stalled Progress: Ongoing disputes between regulators and the central bank have delayed the establishment of a regulatory framework, with concerns that South Korea may end 2025 without clear regulations.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00285 | 0.00634 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00634 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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