The Financial Commission of South Korea: will advance the development of a regulatory framework for stablecoins as originally planned

BlockBeats News: On April 17th, according to South Korean media reports, the Financial Commission of South Korea issued a statement today emphasizing that it will proceed with the development of a stablecoin regulatory framework as originally planned. The Financial Commission of South Korea refuted reports that US dollar stablecoins have become the main channel for capital outflows, stating that between November 2024 and February 2025, the domestic inflow and outflow of US dollar stablecoins will be equivalent in scale (approximately 35.3 trillion Korean won). The Financial Commission of South Korea has listed the "stablecoin regulatory plan" as a top priority in the second virtual asset committee meeting in January this year, and plans to complete a detailed review through an inter agency working group in the second half of 2025.