South Korea's Financial Services Commission: Will advance the formulation of a stablecoin regulatory framework as planned

Mars Finance News, on April 17, according to Korean media reports, the Korean Financial Services Commission (FSC) issued a statement today, emphasizing that it will proceed with the stablecoin regulatory framework as originally planned. The FSC refuted reports that US dollar stablecoins have become a major channel for capital outflow, pointing out that during the period from November 2024 to February 2025, the inflow and outflow of US dollar stablecoins domestically were equivalent (approximately 35.3 trillion won). The Korean Financial Services Commission has listed the "Stablecoin Regulatory Plan" as the primary agenda item in the second virtual asset committee meeting in January this year, with plans to complete a detailed review through an inter-agency working group by the second half of 2025.