South Korea Plans to Exclude Stablecoins from Listed Companies' Eligible Digital Assets Investment
BlockBeats News, March 7th, according to the South Korean media
In the "Corporate Cryptocurrency Transaction Guideline" being formulated by the South Korean Financial Services Commission, stablecoins will not be included in the allowed investment targets. This guideline will specify the standards for listed companies and registered professional investors to transact digital assets for investment or financial purposes. In order to prevent disorderly investment in the early stages of the market, the regulatory agency decided not to include US dollar stablecoins such as USDT and USDC in the permissible scope.
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