According to Wu, News1 reported that the Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) of South Korea launched a research project on August 6 to improve the "Second Phase Legislation of Virtual Assets and Stablecoin Anti-Money Laundering (AML) System." The project aims to investigate global stablecoin legislation and regulatory frameworks, assessing the feasibility of incorporating them into the regulatory system as payment and cross-border fund settlement tools. The research will differentiate between domestically and internationally issued stablecoins, analyzing the applicable regulatory requirements at various stages such as issuance, circulation, and redemption. The research period is until December 12 of this year, with a budget of 50 million Korean Won.

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