Episode Description: The US stablecoin law takes effect in January. Korea still hasn't decided who gets to own one.

America's GENIUS Act takes effect January 18, 2027, with no ownership cap on crypto exchanges, while Korea debates a rule requiring banks to hold a majority stake in any stablecoin issuer. A former BlackRock executive argues that gap could cost Korea global influence in the digital-currency era.

We also cover Shinhan Bank's disclosure of a roughly 25,000-customer data leak, and a new Kakao Group-Korea Investment and Securities stablecoin partnership. We break down what the ownership debate means for compliance teams and Korea's next regulatory cycle.

Sources: - US Won't Cap Crypto Exchange Ownership, Non-Banks Can Issue Stablecoins Too — Seoul Economic Daily, October 2, 2026 - Shinhan Bank Discloses Data Leak Affecting 25,000 Customers, Pledges Full Compensation — Seoul Economic Daily, October 2, 2026 - Kakao Group and Korea Investment and Securities Form Digital-Asset Alliance — Seoul Economic Daily, October 2, 2026 About AI PRISM: AI PRISM is Seoul Economic Daily's WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance and reviewed by a human editor.

Tags: #Stablecoin #FinancialRegulation #KOSPI #AIPRISM #SeoulEconomicDaily #WANIFRA