Experts at a Herald Media Group forum in Seoul said blockchain could let money move as easily as email, calling it an “internet of money,” but Korea still has legal groundwork to lay before stablecoins and tokenized securities go mainstream. Revised securities laws will allow token securities from early next year, and regulators’ September roadmap ends with on-chain settlement using stablecoins, which requires a digital asset law and a won-pegged stablecoin. The main obstacle is knowing who owns a wallet, while cross-border stablecoin deals remain years away and foreign exchange rules have yet to catch up.
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