Odaily Planet Daily reports that stablecoin issuer Tether has recently posted multiple job openings in South Korea, including public relations manager, blockchain investigator, and government relations officer. Previously, Tether entered the local market by hiring a Korea market representative, but after the departure of that personnel, the company plans to expand its team in Korea.
Industry sources also revealed that since Circle CEO visited Korea last August, Circle has been advancing related business development in the region.
The report states that South Korea’s upcoming “Digital Asset Basic Act” may require overseas stablecoin issuers to establish a branch in Korea to distribute tokens locally. The recent actions by these companies are seen as proactive measures in anticipation of potential regulatory requirements. (News1)
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