# South Korea FSS Says Payment Stablecoins Fall Under Electronic Financial Transactions Act By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/53772 Published: 2026-11-11T09:51:35.000Z Updated: 2026-11-11T09:51:35.000Z Section: Regulation > Pending legislation would shape South Korea’s framework for stablecoin-linked payments. South Korea’s Financial Supervisory Service (FSS) said stablecoins used for electronic payments should be covered by the Electronic Financial Transactions Act. The Financial Services Commission has placed stablecoin-linked payments in the final phase of its tokenization plans. That phase depends in part on [pending stablecoin legislation](), whose structure has not been finalized. ## Links in this article - [pending stablecoin legislation](https://www.tokenpost.com/news/regulation/25353)