KOREA JUST HANDED STABLECOIN KEYS TO THE BANKING CARTEL
South Korea is finalizing the second phase of its Digital Asset Basic Act, and the implications for the future of decentralized finance are profound. The core legislative focus mandates that stablecoin issuers must now operate as consortiums where traditional banks hold a minimum of 51% ownership.
This is not a minor compliance update; it is a fundamental assimilation. By forcing banking institutions into controlling positions, Seoul is effectively transforming stablecoins from decentralized, permissionless instruments into heavily controlled, bank-backed digital liabilities. This move dramatically changes the regulatory landscape for major issuers like $USDC and sets a powerful global precedent. When major economies allow the old financial guard to dictate the terms of digital currency issuance, the fight for true financial sovereignty becomes significantly harder. We must monitor how this institutional encroachment affects the long-term price structure of $BTC.Not financial advice. Do your own research.
#Stablecoins #CryptoRegulation #BankingTakeover #DeFiPolicy #SouthKorea
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