– South Korea enforces strict capital controls and cautious stablecoin regulations, contrasting Japan’s open innovation framework for digital assets.
– Seoul halts CBDC project amid private sector push for KRW-backed stablecoins, while Tokyo promotes stablecoin-CBDC coexistence for B2B/C transactions.
– Japan’s regulatory clarity and BOJ support for stablecoin use in micropayments contrast with South Korea’s legislative delays and risk-averse central bank stance.
– Divergent approaches highlight Asia’s regulatory fragmentation, impacting global non-USD stablecoin adoption and institutional crypto acceptance trends.
AloJapan.com