South Korea2026.09.29TokenPost

FSC Discusses Legislation with Ministry of Economy and Finance, Bank of Korea on Stablecoin Consultative Body

• FSC is negotiating legislation to create a joint consultative body with the Ministry of Economy and Finance and the Bank of Korea to closely coordinate stablecoin policy.
• The bill is expected to require reserve-asset-backed redemption guarantees and user asset protection measures in case of issuer insolvency.
• FSC Deputy Director Yu Won-gyu outlined the legislative direction on September 29 at a National Assembly seminar on won-stablecoin governance, as reported by BlockMedia.