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South Korea’s Stablecoin Exodus | Bitcoin and Crypto News

South Korea’s Stablecoin Exodus | Bitcoin and Crypto News

Published 3 weeks, 4 days ago
Description

South Korea’s crypto landscape is in flux as $367 million in stablecoins fled the country in June — marking an 18-month streak of net outflows. Investors are flocking abroad for access to overseas derivatives, tokenized assets, and higher-yield staking opportunities unavailable locally. Lawmakers are sounding alarms over investor protection gaps and regulatory arbitrage, while the government races to finalize a digital asset framework with interim licensing rules. Meanwhile, regulators are targeting unregistered foreign exchanges serving Korean users, aiming to level the playing field as the nation builds its crypto infrastructure.

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