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Briefly
- The cryptocurrency lee jae-myUng defeated the Presidency in South Korea last week.
- Now pushing forward with Stablecoins’ account.
- If approved, the law would allow companies to issue their own stable bones.
The newly elected President of South Korea on Tuesday moved forward from the cryptocurrency-affordable daily order, announcing the new legislation of Stablecoin, reports.
As the first reported per BloombergLee Jae-Myoung has proposed the Digital Property Law-that, if approved, will allow companies to issue Stablecoins if they have 500 million won ($ 366,749) in capital capital.
Stabibeline Are digital tokens related to a non-heer property-useful US dollar. Such crypto currencies affect several different blockchain and should support them with stable property reserves.
Crypto is popular in South Korea, and Jae-Myung-Koji won the election last week-it is a premises. The leader of the Democratic Party 2022 experimented with NFTS During his previous campaign and said he would allow Bitcoin ETF to trade in the country.
He also suggested the launch of the conquered stable state to prevent the capital flight, saying that it was urgently needed “to prevent national wealth abroad.”
And last month, the bank of Korea said she was considering issuing a release of deposit on a public blockchain to coexist with private stablecoins.
Stablecoins are a hot topic in the crypto industry: regulators have been struggling for years to control property; President Trump supports one digital token; And the legislators in Washington will vote on the proposal of the Stablecoin Act this week.
Numerous senior companies and banks are also wagani-or-are stable products.
Edited James Rubin
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