Korean companies are circumventing domestic regulatory constraints by offering stablecoin payment options to foreign tourists, as the country's Digital Asset Basic Act faces continued legislative delays. Major institutions such as Hana Financial Group, Danal, and BC Card have partnered with Circle, Binance Pay, and Coinbase to pilot or launch offline payment services using USDC. According to current Korean regulations, foreign nationals using US dollar stablecoins stored in overseas wallets can be classified as foreign exchange transactions, minimizing regulatory conflicts.
Korean Firms Bypass Local Regulations with Stablecoin Payments for Tourists
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