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South Korea plans to ban listed companies from including stablecoins as investment assets
Deep Tide TechFlow News, March 7th, according to South Korean media “The Pioneer Economy,” the Korea Financial Commission is developing guidelines for corporate digital asset trading. It is reported that USDT, USDC, and other dollar-pegged stablecoins will be excluded from permitted investment scope. The reason is that stablecoins have not yet been recognized as a legal means of external payment under the Foreign Exchange Transactions Act, and related legal amendments are still under review in the National Assembly. Including stablecoins would create conflicts within the legal system. The guidelines will be officially released after the establishment of the Basic Digital Asset Law.