Bank of Korea Governor Proposes Legislation for Won-Backed Stablecoin, Advocates Bank-Led Issuance

According to Edaily, Bank of Korea Governor Shin Hyun-song called for swift passage of legislation on won-denominated stablecoins and the Digital Assets Framework Act at a recent parliamentary hearing. The governor emphasized that stablecoins, deposit tokens, and central bank digital currency (CBDC) will form competitive and complementary relationships in the financial ecosystem.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments