South Korea moves to exclude USDT, USDC from corporate crypto investment rules

South Korea is preparing to introduce Corporate Virtual Currency Trading Guidelines to permit institutional entry into the crypto market once the Digital Asset Basic Act is finalized. However, financial regulators intend to exclude stablecoins such as USDT and USDC from these corporate investment rules. This exclusion stems from conflicts with South Korea’s Foreign Exchange Transactions Act, which requires international transactions to use licensed foreign exchange banks and does not recognize stablecoins as official payment instruments. Allowing corporate use of these stablecoins could enable businesses to bypass the country's foreign exchange control framework. While an amendment to classify stablecoins as payment instruments is under review, their use remains restricted until approved. This contrasts with developments in the US, where policymakers are finalizing a unified digital asset framework.

(Source：Crypto Briefing)