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Mmastodon BusinessCrypto first seen 14 h ago, last 11 h ago, peak #7

Dunamu CEO Urges South Korea to Move Fast on Won Stablecoins

Original: Dunamu CEO Urges South Korea to Move Quickly on Won-Backed Stablecoins https://www.wsj.com/finance/currencies/dunamu-ceo

The head of Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, is calling on the government to move quickly in issuing a won-backed stablecoin. He argues the country should act before falling behind rivals in digital currency innovation. The push comes as Korean policymakers weigh legislation for won-pegged tokens, and it fuels debate over how fast Seoul should regulate stablecoins.

Why now: South Korea is actively debating stablecoin regulation, and the Upbit operator's intervention adds pressure on policymakers.

DunamuUpbitSouth Korea

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