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South Korea’s ruling and opposition parties have introduced competing stablecoin bills, diverging on key issues like interest payments. The legislative clash highlights the nation’s push to establish itself in the global crypto economy while balancing regulation and innovation.
- Democratic Party's bill bans interest payments and requires $3.6M minimum capital for stablecoin issuers, while PPP's proposal omits interest restrictions.
- Both bills grant emergency powers to regulators and mandate 100% reserve backing with high-liquidity assets for won-pegged stablecoins.
- The legislative clash occurs as South Korea positions itself in the global crypto economy, with experts warning against overly restrictive regulations.
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