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Foresight News reported, according to monitoring by Lookonchain, an address sold 129.15 billion PEPE (approximately $822,000) one hour ago after holding for over 5 months, incurring a total loss of about $511,000.

BlockBeats News, January 8, South Korea's plan to allow banks to issue won-backed stablecoins has faced opposition from lawmakers, highlighting divisions between the ruling Democratic Party, financial regulators, and the central bank. Currently, the Financial Services Commission (FSC) has shifted its stance to support the Bank of Korea's (BOK) proposal, which restricts the issuance of stablecoins to consortia led by banks holding majority control. According to the proposed amendment, stablecoins can be issued by consortia in which banks hold a majority stake, but banks must maintain overall majority control (over 50% equity). Technology companies may become the single largest shareholder, but their shareholding must still be lower than the banks' total holdings. The proposal will impose stricter requirements on cryptocurrency trading platforms, such as higher IT stability standards, mandatory compensation for losses caused by hacking attacks, and fines of up to 10% of annual revenue. Stablecoin issuers will be required to have at least 5 billion won (3.7 million USD) in paid-in capital, and regulators may raise this threshold as the market develops.

According to ChainCatcher, the Financial Services Commission (FSC) of South Korea has shifted its stance and now supports the Bank of Korea's (BOK) proposal for stablecoin regulation. The proposal requires that stablecoins must be issued by bank-led consortia, with banks collectively holding more than 50% of the shares to maintain control. Although technology companies can become the single largest shareholder, their shareholding must still be lower than the total shareholding of the banks. However, this plan faces opposition in the National Assembly from lawmakers including those of the ruling Democratic Party, highlighting divisions between the ruling party, financial regulators, and the central bank. The proposal also imposes stricter requirements on cryptocurrency exchanges, including higher IT stability standards, mandatory compensation for hacker losses, and fines of up to 10% of annual revenue.