Korea's Stablecoin Bill Stalled Over Bank Control Rules
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Bill Stalemated: South Korea's Digital Asset Basic Act is delayed due to disputes over stablecoin issuer rules, with expectations pushing the timeline to 2026, which hampers domestic market competitiveness and innovation.
- Bank-Led Model: The Bank of Korea advocates for a bank-led consortium model for stablecoin issuance, requiring at least 51% bank ownership, which could limit participation from non-bank entities and affect market dynamism.
- Market Demand: As of June 2025, stablecoin purchases denominated in Korean won totaled approximately $64 billion, highlighting the importance of stablecoins for local traders; without a trusted local option, users will continue relying on foreign stablecoins.
- Regulatory Framework: South Korean regulators are working on defining stablecoin issuance and supervision rules, and while current disputes slow progress, this will lay the groundwork for future financial stability and market innovation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
