Singapore, Malaysia and Thailand central banks expand cross-border stablecoin initiative involving — 2026-10-23

Impact Vector: Crypto Infrastructure · Oct 23, 2026 · 3m

## Short Segments South Korea is moving to regulate stablecoins as payment instruments under its foreign exchange law. The Bank of Korea plans to amend the Foreign Exchange Transactions Act to classify stablecoins as a recognized means of payment, similar to banknotes. This regulatory shift aims to integrate stablecoins into the existing financial framework, potentially increasing their use in cross-border transactions. As South Korea develops its Digital Asset Basic Act, this amendment could pave the way for more comprehensive crypto regulations. For issuers and payment companies, this means…