Search results for Electronic Securities Act
Crypto
Circle steps up push in South Korea, fuelling hopes for won-backed stablecoin
Circle CEO Jeremy Allaire (제레미 알레어) visited South Korea and met major financial groups and crypto exchanges, lifting expectations for won-backed stablecoins and related infrastructure cooperation. Shares linked to stablecoins rose sharply on April 14. Analysts said stablecoins connect broadly to payments, authentication, settlement, wallets and trading infrastructure, and that Circle may pursue cooperation on expanding USDC distribution and building infrastructure including CCTP.
Finance
Securities industry may hit brakes on digital asset business, watches regulatory variables
South Korea’s securities industry is accelerating digital asset plans but is watching regulatory moves after Bithumb’s large-scale bitcoin mispayment incident. Key issues in talks on the Digital Asset Basic Act include limiting major shareholders’ stakes in exchanges to 15 to 20 percent and requiring won stablecoin issuers to be majority bank-owned. Firms are expanding tokenised securities partnerships, while some warn new rules could curb exchange investments and shift control of stablecoin payments to banks.
AI & Enterprise
Global blockchain tech firms pour into Korea amid hopes for regulation
As moves to institutionalise digital assets in South Korea become more concrete, global blockchain firms are gaining momentum in targeting the local market, with infrastructure companies accelerating their push. LayerZero unveiled its Zero platform and held a briefing in Korea, while Plume Network is stepping up efforts in the token securities market. The revised Electronic Securities Act and Capital Markets Act will bring token securities into regulated finance from January 2027.
