The ruling Democratic Party is preparing a draft law that classifies stablecoins as currency payment instruments. They intend to prohibit issuers from paying interest to stablecoin holders. However, the draft exempts certain stablecoin payments for goods and services from currency transaction reporting requirements. Meanwhile, RWA issuers will be required to place underlying assets in managed trusts. The Korean Financial Services Commission (FSC) is tightening rules on fund withdrawals from exchanges. The regulator aims to close loopholes used by fraudsters for quick fund transfers. Cryptocurrency exchanges are now required to consider trading frequency, transaction history, and deposit and withdrawal amounts to enable withdrawals without delay.