The South Korean government and central bank are pushing for the revision of the Foreign Exchange Market Act, intending to include stablecoins in regulation On October 23rd, the South Korean government and central bank are pushing for the revision of the Foreign Exchange Market Act to regulate stablecoins as a payment tool. South Korea is formulating a digital asset basic law, which will establish an exchange licensing system and establish rules for stablecoin issuance. (Source: Digital Asset)