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South Korea's FSC Plans to Establish Regulations for Stablecoins and Exchanges, While the Opposition Party Pushes to Repeal the Crypto Tax
According to reports, South Korea’s Financial Services Commission (FSC) is planning to draft a government-backed digital asset bill aimed at regulating stablecoins and cryptocurrency exchanges. Meanwhile, lawmakers from South Korea’s opposition party are seeking to repeal a 22% cryptocurrency tax originally scheduled to take effect in 2027.
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