South Korea's regulatory framework for stablecoins is currently facing delays. According to reports, the primary obstacle is a disagreement among regulators regarding who should be authorized to issue won-backed tokens. The central question revolves around whether traditional banks or fintech companies should be granted the authority to issue these stablecoins. This regulatory uncertainty has stalled the implementation of clear guidelines for stablecoins in South Korea.

South Korea's regulatory framework for stablecoins is currently facing delays. According to reports, the primary obstacle is a disagreement among regulators regarding who should be authorized to issue won-backed tokens. The central question revolves around whether traditional banks or fintech companies should be granted the authority to issue these stablecoins. This regulatory uncertainty has stalled the implementation of clear guidelines for stablecoins in South Korea.