The two largest political parties in South Korea occupied the lead, and unveiled the country’s Stablecoin’s competing bills. The ban on the interest payments on Stablecoins has become the most controversial issue in Stablecoin.
Legionships from both the ruling Democratic Party (DP) and the opposition People’s Authority Party (PPP) submitted legislation in late July 2025, which could pave the way for winning Stablecoins.
According to the local news report published on July 28, 2025, “R.The ruling party believes that benefits payments should be banned to prevent the suspension of the market, while the opposition party believes it is necessary to increase the competitiveness of Stablecoin. “
Each proposal reflects varying philosophies on innovation, protection and monetary sovereignty.
South Korea provides legislation on the supported Stablecoin, led by President Lee Jay Meong. The main players focus on AHN DO-EGEOL and Jin Sung-Joon a framework focused on financial stability, withdrawing lessons from Crisis Terra-Luna. MEF and BOK collaboration to ensure the organization … pic.twitter.com/orjuxdwmfs
– Binodes (binodes_) July 29, 2025
Explore: The most important 12 people for encryption for purchase now
The South Korea bill in response to the increasing domination of the dollar -based Stablecooins
A member of the Democratic Party in Korea presented Ando Girls “the law on issuing and distributing the valuable digital assets.” On the same day, the People Power Party Eun-Hey Kim “ACT” created the payment using the fixed-price digital assets. ”
The Dubai Ports Initiative is the first comprehensive legislative plan in the country that is particularly ruled by Korean Stablecoins. Meanwhile, the opposition, PPP, presented its own version, and affirming the tougher financial discipline and explicitly prohibiting interest payments on Stablecoin Holdings.
The newly -elected South Korean President Lee Jay Meongy has called for Stablecoins, and his administration has indicated that Stablecoins will fill the main gaps in the country’s financial scene.
In his call to Stablecoins, Jae-Myung suggested the eligibility of companies of up to 500 million o’clock ($ 370,000) to be able to release Stablecoins.
Explore
South Korea stops CBDC plans with Earth Stablecoins
Increased market penetration and the adoption of Stablecoins has put inhibitors for South Korean CBDC plans. The country applied the brakes on its experimental program CBDC, which has continued since April this year in the wake of Stablecoin’s emission amid political support.
BOK Bank confirmed the current situation in a statement made by Bloomberg on June 30, 2025, through an actor.
Also, a senior representative of one of the seven banks participating in CBDC experiences in South Korea informed a local publication that the central bank hinders him to see the government’s Stablecoin strategy and how CBDCS can integrate with it.
ExploreThe best 20 encryption for purchase in June 2025
South Korea’s political weights square appeared on Stablecoin Square first on 99bitcoins.