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South Korean banks' see growing trend towards certificate of deposit tokens as stablecoin alternatives.
CoinCenter's executive director Jerry Brito criticized the proposal as "messy, arbitrary, and unconstitutional."
The finance ministry argued that the Committee's recommendation was alien to international standard and approaches to crypto.
The regulator warned that defualters would face strict penalties.
Two Democratic lawmakers have put forward a bill to hold primary investors in DeFi protocols accountable for illegal use of the platform.
El Salvador's Bitcoin adoption falls short, but unexpected benefits emerge in crime reduction and business ventures
Australian regulators have lately increased efforts to regulate the cryptocurrency industry.
Former banking executive John Guedry has been selected to oversee the firm.
Congressman Glenn Thompson said the Ripple ruling shows there is "confusion" in the industry about how securities laws apply to cryptocurrencies and that lawmakers need to step.
