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South Korea's Proposed Digital Asset Act to Enable Stablecoin Issuance by Corporations

The ruling party in South Korea has introduced the Digital Asset Basic Act, which would permit companies with more than approximately $368,000 in capital to issue stablecoins.
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AI Analysis

The proposal by South Korea's ruling party to introduce the Digital Asset Basic Act signifies a significant regulatory shift in the country's approach to digital assets. By setting a cap of around $36...

AI Recommendation

Investors should monitor the progress of this legislation as it could lead to increased activity in the stablecoin market in South Korea. Companies meeting the capital threshold might become more acti...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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