# South Korea Plans Year-End Foreign Exchange Law Revision for Stablecoin Payments By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/39210 Published: 2026-10-23T18:45:49.000Z Updated: 2026-10-23T18:45:49.000Z Section: Regulation > The Bank of Korea is also working with the government on cross-border oversight and virtual-asset monitoring systems. South Korea’s central bank and government are pursuing a year-end revision of the Foreign Exchange Transactions Act that would regulate stablecoins and similar digital assets as payment methods. The Bank of Korea is coordinating with the government on oversight of cross-border digital-asset transactions. It is also preparing systems to monitor virtual-asset activity, including reporting through the foreign-exchange electronic network. The effort follows an earlier proposal for operators handling [cross-border virtual-asset transfers]() to register and report transactions. South Korea’s Ministry of Economy and Finance opened public consultation Oct. 7 (Oct. 6 ET) on an amendment to the law’s enforcement decree, which would define the businesses covered for transfers between South Korea and overseas markets. ## Links in this article - [cross-border virtual-asset transfers](https://www.tokenpost.com/news/regulation/27192)