South Korean lawmakers unveil stablecoin regulation bill: Stablecoin issuers must hold at least $3.6 million.

【South Korean lawmaker unveils stablecoin regulation bill: stablecoin issuers must have at least $3.6 million】 A new legislative proposal aimed at regulating stablecoins was introduced by South Korean lawmaker Kim Hyun-jung. The bill requires stablecoin issuers to have at least 5 billion won (approximately $3.6 million) in capital, as well as to submit a robust business plan, maintain necessary facilities and qualified personnel, and obtain approval from the Financial Service Commission (FSC). Additionally, the bill stipulates that stablecoins issued overseas must be registered with the commission before entering the South Korean market.