South Korea is set to exclude stablecoins like USDT and USDC from its upcoming corporate crypto investment rules. The decision is linked to the Foreign Exchange Transaction Act, which does not currently recognize stablecoins as approved external payment instruments. This move reflects a cautious approach by regulators as they prepare to open the digital asset market to corporate participants under stricter standards. The guidelines, expected to be released following progress on the Digital Asset Basic Act, aim to limit corporate exposure to digital assets initially. Despite the exclusion, companies can still trade stablecoins through personal wallets or overseas platforms. The decision comes amid requests from firms with significant overseas trade to include stablecoins for settlement and hedging purposes.
South Korea to Exclude Stablecoins from Corporate Crypto Investment Rules
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