
South Korea is set to impose new foreign exchange regulations on stablecoin transactions, targeting their use in cross-border trade. The move aims to tighten control over how cryptocurrencies are converted into fiat currencies. Stablecoins have become increasingly significant in global trade, prompting South Korean authorities to take a closer look at their impact. Additionally, South Korea's Financial Services Commission (FSC) is investigating Upbit, a major cryptocurrency exchange, for potential monopolistic practices, including holding 20% of K-Bank. Meanwhile, Thailand's Securities and Exchange Commission (SEC) has proposed new regulations allowing mutual and private funds to invest in digital assets, aligning with global trends in crypto investment.





