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🇰🇷 South Korea fears losing control over the payment system due to stablecoins.
Dollar stablecoins are already actively used by businesses and for salary payments, displacing national solutions due to the speed and low cost of transfers. Authorities warn: without urgent regulation, control over payments may be lost.
In the parliament, they are preparing the Digital Asset Basic Act, considering stablecoins as a tool for protection against dollarization and a driver of growth for small businesses.