South Korea's Financial Services Committee May Exclude Stablecoins from Investment Guidelines

South Korea's Financial Services Committee is reportedly working on new guidelines for corporate virtual currency trading. According to PANews, these guidelines may exclude stablecoins from the list of permissible investments. The guidelines aim to establish standards for listed companies and registered professional investment firms engaging in digital asset trading for investment or financial purposes. To prevent reckless investments in the early stages of the market, regulators have decided to exclude stablecoins denominated in U.S. dollars, such as Tether (USDT) and USD Coin (USDC), from the allowable investment range.