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South Korea’s Central Bank Pushes For Fast-Track Won Stablecoins With Mandatory Bank-Majority Ownership

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2 outlets - including Crypto-economy and Mpost - are covering this story. The Bank of Korea reaffirmed July 9 that won stablecoin legislation should prioritize bank-led consortium issuance, citing materials submitted to the National Assembly’s Strategy and Finance Committee. The central bank said safeguards such…

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Crypto Economy Jul 9, 11:55 UTC

Bank of Korea Backs Bank-Led Won Stablecoins

The Bank of Korea reaffirmed July 9 that won stablecoin legislation should prioritize bank-led consortium issuance, citing materials submitted to the National Assembly’s Strategy and Finance Committee. The central bank said safeguards such…

South Korea’s Central Bank Pushes For Fast-Track Won Stablecoins With Mandatory Bank-Majority Ownership
Metaverse Post Jul 9, 11:22 UTC

South Korea’s Central Bank Pushes For Fast-Track Won Stablecoins With Mandatory Bank-Majority Ownership

Bank of Korea urges swift rollout of won stablecoins, advocating a bank-majority issuance model to ensure safety amid delayed digital asset laws. The post South Korea’s Central Bank Pushes For Fast-Track Won Stablecoins With Mandatory Bank-…