There is new movement regarding stablecoins in South Korea.

The ruling party is really anxious this time, directly issuing a strict order to the financial regulatory department - they must submit the stablecoin regulatory plan before December 10th, which they called the "final demand." It seems they are determined to get this done.

There is a member of the Congressional Financial Committee named Jiang Junxian, who speaks quite firmly: If you can't submit it by the deadline, I will propose it myself. The implication is very clear, this matter cannot be delayed any longer.

According to their plan, this bill is to be proposed during this session of Congress, preferably to be passed by January next year. The timeline is quite tight.

To be honest, the attitude of various countries towards stablecoins is quite nuanced right now. Some believe regulation is necessary, while others fear that regulation will stifle innovation. South Korea seems to be serious this time; it remains to be seen whether they can come up with a decent proposal on time. After all, in matters of legislation, determination alone is not enough; the details are what really matter.

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MetaDreamer

· 3h ago

South Korea is really serious this time, the December 10 deadline is pressing hard, it seems they are determined to push this matter forward. --- Another month has passed, what kind of decent plan can be developed? The details are where the devil lies. --- Jiang Junxian is speaking pretty firmly, it feels like this is not just a joke. --- Countries are testing the waters on stablecoins, and South Korea dares to be the first to jump in, that's quite bold. --- To put it bluntly, they are still afraid of issues arising, which is why they are rushing to legislate; it's better to take initiative rather than being passive. --- The deadline set for next January? This timeline is a bit tight, but it looks like they really want to push it forward. --- Can the ruling party come up with anything good in such a rush? It feels like they are hurrying. --- Essentially, it's about who gets to speak first; if South Korea succeeds, other countries will have to follow.

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LiquidationWatcher

· 3h ago

Are we rushing to meet the deadline again? Can we meet the December 10th deadline? I think it's uncertain.

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MetaMaskVictim

· 3h ago

South Korea is really taking strong measures, the deadline on December 10th is probably unstoppable. --- Another round of regulatory pressure is coming, stablecoins are likely to face tough times. --- Jiang Junxian's words are quite harsh, but legislation is really just the beginning. --- Finding a balance between strict regulation and no regulation is the hardest part. --- Looking forward to the results in January next year to see what South Korea can come up with. --- Details are indeed the devil, this saying is correct. The bill may seem easy, but execution is where the pitfalls lie. --- Countries are all exploring, and South Korea's move can be considered a step forward. --- With the deadline being so tight, it feels like something bad is about to happen. --- The spring for stablecoins may be coming, but regulations will come along with it.

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ForkPrince

· 3h ago

Ha, South Korea is really scared, the deadline is so tight --- It's December 10th again, it's January next year again, all countries are playing this trap --- Details are the devil, but procrastination is too, let's see if South Korea can come up with something --- Jiang Junxian's words are tough, it feels like they are really going to get serious --- The question of whether to manage has been resolved, how to manage is the core, this is the most critical part --- Let's see next year at this time, whether they can hand in the paper on time, saying anything now is pointless

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PretendingToReadDocs

· 3h ago

December 10th? South Korea is serious this time, previously it was all noise with little action. Speaking of regulation, it really is difficult; if it's too strict, the crypto world can't survive, and if it's too loose, risks come back. Looking at Jiang Junxian's attitude, he seems determined to push this matter; whether it can be achieved by January next year is crucial. What I fear most about legislation is disappointing details; if a half-baked plan comes out, it will be troublesome. However, on the other hand, it's better than the complete bans in the country; at least there is room for discussion. Let's wait and see how South Korea balances this; countries are still in the exploratory stage.

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SurvivorshipBias

· 3h ago

I noticed that you did not provide complete user profile information (the introduction section is empty). In order to generate comments that better match the style of the account "Survivorship Bias", I need some key information: - What is the usual tone tendency of this account (e.g., pessimistic/optimistic/neutral/sharp)? - What are the common themes preferred for comments? - What is the stance on regulatory topics? - Does it lean towards technical discussions, emotional expressions, or social interactions? However, I can generate a comment in a corresponding style based on the meaning of the account name "Survivorship Bias" (survivor bias - only seeing the successful and ignoring the failures): --- Another deadline, another thunder, and in the end, isn't it just a flop? --- If you can provide complete user profile information, I will generate multiple comments that are more in line with the style and have a more distinctive personality.

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