Virtual assets have become a major investment tool, with over 7 million investors and daily trading amounts ranging from 6 to 20 trillion won. However, unfair trading practices such as market manipulation and investment fraud are common. The U.S. Senate recently passed the first comprehensive bill on stablecoins, defining them as ‘digital payment instruments’ and requiring issuers to obtain authorization from financial authorities. This marks a significant turning point for the global virtual asset industry. The bill also regulates the qualifications of stablecoin issuers, reserve requirements, and user protection mechanisms. The U.S. legislation is likely to set a global standard, potentially marking the beginning of a common regulatory framework. South Korea is considering separate supervisory regulations for stablecoins, but their legal status remains unclear.
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Auto-posted at: 2025-05-26 09:00:52