The stablecoin debate in South Korea is currently stalled, with the central bank expressing concerns regarding foreign exchange risks. According to reports, the central bank has highlighted potential issues related to capital flows, the oversight of stablecoin issuers, and risks associated with stablecoins linked to the US dollar. These concerns have surfaced as lawmakers continue to debate the issuance and regulation of stablecoins within the country. The development underscores the cautious approach South Korean regulators are taking toward the burgeoning stablecoin market.

The stablecoin debate in South Korea is currently stalled, with the central bank expressing concerns regarding foreign exchange risks. According to reports, the central bank has highlighted potential issues related to capital flows, the oversight of stablecoin issuers, and risks associated with stablecoins linked to the US dollar. These concerns have surfaced as lawmakers continue to debate the issuance and regulation of stablecoins within the country. The development underscores the cautious approach South Korean regulators are taking toward the burgeoning stablecoin market.