South Korea's Ministry of Strategy and Finance has announced plans to tighten regulation of stablecoins. 📈 The move comes amid growing criticism of the government's lack of oversight.

Stablecoins are being actively used in international transactions, and the government is planning to introduce new measures to regulate them. The Financial Services Commission (FSC) is prioritizing this issue in the second phase of the Virtual Asset User Protection Act (VAUPA).

South Korea is developing its regulatory framework, inspired by international practices such as MiCA in the EU and Japan. The introduction of new rules is aimed at ensuring stability and security in the cryptocurrency space.