REGULATION | South Korea Plans to Bring Stablecoins Under Foreign Exchange Law

BitcoinKE · 24/10/2026, 13:00:44

South Korea’s government and central bank plan to amend the country’s Foreign Exchange Transactions Act in 2026 to regulate stablecoins as payment instruments as authorities seek tighter oversight of cross-border digital asset transactions. The Bank of Korea said it intends to work with the government on legislation and develop a monitoring framework for virtual asset transactions, including reporting through the country’s foreign exchange information network. REGULATION | South Korea Draft Bill to Classify Stablecoins as Foreign Exchange Payment Instruments […]