According to CoinWorld, the Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) of South Korea has commissioned a study on the second phase of virtual asset legislation and AML measures for stablecoins on August 6. The Financial Services Commission stated that the upcoming legislation is expected to bring stablecoins into the regulatory framework, allowing them to be used for payments and cross-border transfers. The study will review global regulatory approaches to stablecoins and examine applicable AML and CFT standards.

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