Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The South Korean Financial Services Commission plans to ban interest payments on stablecoins and will submit the relevant bill within the year.

The South Korean Financial Services Commission plans to ban interest payments on stablecoins and will submit the relevant bill within the year.

ChaincatcherChaincatcher2025/10/20 09:25
Show original

ChainCatcher news, according to Yonhap News Agency, Lee Bok-hyun, Chairman of the Financial Services Commission of South Korea, stated during the National Assembly's state audit that, in principle, payment-type stablecoins are not allowed to generate interest payments from holding or usage.

Lee Bok-hyun mentioned that South Korea will follow the relevant principles of the US "Genius Act" to prohibit such practices. In addition, he said that a consortium model led by banks will be explored, restricting fintech companies to act only as technology partners, and prohibiting virtual asset exchanges from issuing stablecoins on their own. Regarding the second phase of virtual asset legislation, he confirmed that it will be submitted within the year and is currently in the final coordination stage. He also mentioned the overseas demand potential for stablecoins in areas such as virtual asset trading, payment settlement, and cross-border remittances, and plans to expand applications and prepare related work in advance.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!