South Korea Proposes Bill to Ban Interest on Won-Denominated Stablecoins

South Korea's Democratic Party has introduced a legislative proposal aimed at prohibiting interest payments on stablecoins denominated in the South Korean won. According to NS3. AI, the bill seeks to prevent issuers from offering any monetary or non-monetary incentives related to these stablecoins. The proposed legislation does not include plans for a consortium dedicated to won stablecoins and focuses on regulating stablecoin holdings by removing associated rewards source: https://www.binance.com/en/square/post/293623361330209?utm_source=BinanceNewsRSS