South Korea's Financial Services Commission failed to meet a December 10 deadline to propose regulations for stablecoins, with a new bill expected by January 2026. The central bank wants veto power over stablecoin approvals, but the FSC opposes this, complicating the regulatory landscape amid tensions between government and financial authorities.

Coinbase has confirmed that it is exploring the possibility of acquiring a banking charter, which would allow it to offer a broader range of financial services. This move could enhance its competitive edge in the cryptocurrency market and enable better integration with traditional banking systems. The company is evaluating the regulatory requirements and implications of such a significant shift.