The Bank of Korea issued a crypto regulatory report, arguing that stablecoin issuers need to have minimum capital requirements and reserve assets

The Bank of Korea released a research report "Major Issues Related to Encrypted Asset Supervision and Legislative Direction", pointing out that stablecoins need stricter supervision than other encrypted assets because they may undermine financial stability. The report believes that stablecoin issuers should be required to have minimum capital and reserve assets to minimize the possibility of digital asset risk transfers to payment and settlement systems. In addition, encrypted asset businesses should be registered and authorized to operate, and regularly accept external audits.