South Korea plans to ban corporate investments in stablecoins, and USDT and USDC may be excluded from the permitted scope.

USDC0,02%

Gate News Report, March 7 — According to South Korean media, the Korea Financial Services Commission is drafting the “Corporate Virtual Currency Trading Guidelines,” which may exclude stablecoins from the permitted investment scope. The guidelines will outline standards for listed companies and registered professional investment firms trading digital assets for investment or financial purposes. To prevent reckless investments in the early stages of the market, regulators have decided to exclude dollar-pegged stablecoins (such as Tether (USDT) and USD Coin (USDC)) from the allowable investment range.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments