According to Kim Jong-seung, CEO of think tank MRI, speaking at a seminar held on May 12, the U.S. requires stablecoin issuers—including those issuing won-denominated stablecoins—to meet anti-money laundering (AML) and counter-terrorism financing (CFT) standards comparable to U.S. levels. Kim emphasized that for Korean won stablecoins to circulate in the U.S. market, Korea’s regulatory framework and supervisory standards must achieve practical equivalence with the U.S. system. He noted that Korea’s current regulatory framework under the Specific Financial Information Act (SFIL) requires substantial upgrades to support global competitiveness of domestic stablecoins.
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