South Korea’s New Crypto Bill Sets $3.5M Minimum for Stablecoin Issuers – Can It Pass?

South Korea's Democratic Party advances legislation requiring stablecoin issuers to maintain 5 billion won ($3. 5 million) in capital and establishing an inter-ministerial Virtual Asset Committee, though Bank of Korea Governor Lee Chang-yong warns dollar-pegged tokens could weaken capital controls during market stress. source: https://cryptonews.com/news/south-koreas-new-crypto-bill-sets-3-5m-minimum-for-stablecoin-issuers-can-it-pass/