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South Korea plans to amend its forex law so stablecoins count as payment instruments.
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The Bank of Korea said it will draft the bill jointly with the government by the end of 2026.
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The push follows a National Assembly audit over money laundering risks at crypto exchanges.
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The target is mainly dollar-pegged stablecoins moving money across Korea's borders.
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A separate bill, the Digital Asset Basic Act, still hasn't passed and covers who can issue won stablecoins.
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A Bank of Korea study found dollar stablecoin demand is linked to local currency depreciation.
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The US and EU already regulate stablecoins this way, through the GENIUS Act and MiCA.
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Nothing has passed yet — this is a planned bill, not a new law in effect today.