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Financial Services Commission of South Korea: The Financial Services Commission of the Republic of Korea will move forward with the formulation of a regulatory framework for stablecoins as originally planned
Mars Financial News, on April 17, according to Korean media reports, the South Korean Financial Commission issued a statement today, emphasizing that it will promote the formulation of a regulatory framework for stablecoins as originally planned. The Financial Services Commission of Korea refuted reports that the US dollar stablecoin became the main channel for capital outflows, pointing out that between November 2024 and February 2025, the scale of domestic inflows and outflows of the US dollar stablecoin was comparable (about 35.3 trillion won). The Financial Services Commission of Korea (FSC) has made the "Stablecoin Regulation Proposal" a top topic at the second virtual asset committee in January this year, and plans to complete a detailed review through an inter-agency working group in the second half of 2025.