South Korea may ban corporate investment in stablecoins

ZkProver · 2026-03-07T10:01:16+00:00

The Korean Financial Services Commission's draft "Corporate Virtual Currency Trading Guidelines" may exclude stablecoins from the scope of investment to prevent reckless investing, as current laws do not recognize them as a means of payment. The relevant amendments are under review.

ZkProver

2026-03-07 10:01:16

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ChainCatcher reports that, according to Korean media, the Korea Financial Services Commission is drafting the “Corporate Virtual Currency Trading Guidelines,” which may exclude stablecoins from the permitted investment scope. The guidelines will outline standards for listed companies and registered professional investment firms trading digital assets for investment or financial purposes. To prevent reckless investments in the early market, regulators have decided to exclude dollar-pegged stablecoins (such as Tether (USDT) and USD Coin (USDC)) from the allowed investment range.

One reason for excluding stablecoins is that South Korea’s current Foreign Exchange Transactions Act does not recognize stablecoins as a means of external payment. Including stablecoins within the investment permission scope would conflict with the existing legal framework, effectively allowing companies to use stablecoins for trade and other commercial purposes. Currently, the South Korean National Assembly is reviewing an amendment to the Foreign Exchange Transactions Act, which proposes recognizing stablecoins as a payment method. This bill was introduced in October last year.

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