South Korea to impose forex regulations on stablecoin transactions

South Korea’s government has outlined plans to impose foreign exchange regulations on cross-border stablecoin transactions, addressing the rising use of these digital currencies in international trade, local media reported on Oct. 8. The move comes in response to the increasing role of stablecoins, particularly those pegged to the US dollar, in trade activities outside traditional […] source: https://cryptoslate.com/south-korea-to-impose-forex-regulations-on-stablecoin-transactions/