KakaoBank, a major South Korean internet bank, is reportedly stepping into the #stablecoin# arena as the country pushes for clearer #crypto# regulations, signaling a potential shift in digital finance dynamics.



KakaoBank’s entry targets a growing market, leveraging its digital banking prowess to issue a won-pegged stablecoin.

South Korea is crafting frameworks like the Digital Asset Basic Act, with recent proposals easing capital requirements for stablecoin issuers.

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