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South Korea's President's Policy Planning Committee and the financial regulatory authorities launched a joint review of the Korean won stablecoin issuance requirements."

Internet reports that the South Korean President's Policy Planning Committee recently held a meeting with financial regulators to discuss the conditions and regulatory framework for the issuance of stablecoins denominated in won. The special working group on virtual assets under the committee also listened to supplementary reports from regulatory agencies, focusing on key issues such as issuer capital requirements. Regulators are said to have emphasized the need to develop clearer issuance standards to restrict the entry of small cryptocurrency companies that lack sufficient funds.

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