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Bank of Korea governor warns of ‘currency chaos’ from non-bank issuance of KRW stablecoins
The Bank of Korea governor highlighted potential risks to monetary stability and exchange rate management if entities outside traditional banking are allowed to issue South Korean...
Read Full Article →South Korea halts CBDC plans, shifting focus to bank-led stablecoins
The suspension of South Korea’s central bank digital currency project signals a shift toward privately managed stablecoins, potentially altering the country’s digital payment lands...
Read Full Article →Bank of Korea pauses CBDC project as local stablecoin adoption picks up speed: report
The Bank of Korea's decision to halt its digital currency initiative reflects a strategic response to the increasing use and regulatory developments surrounding stablecoins within...
Read Full Article →Stablecoin Issuance Should Begin With Banks, Says BOK Official
Introducing stablecoin issuance through regulated banks could enhance financial stability by providing a secure framework that minimizes potential risks amid the country's evolving...
Read Full Article →Bank of Korea warns local stablecoins could boost dollar demand against presidential goals
The Bank of Korea highlights potential increases in foreign currency demand due to local stablecoins, which may challenge efforts to strengthen the domestic currency and retain cap...
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