South Korea is considering a proposal to classify stablecoins as foreign exchange instruments. According to NS3.AI, this move would bring stablecoin companies engaged in cross-border transactions under the oversight of domestic foreign exchange authorities. The proposal aims to enhance regulatory control over the use of stablecoins in international financial activities.#SouthKorea #Stablecoin #ForeignExchange #Regulation #Cryptocurrency #Fintech #CrossBorderTransactions