The Bank of Korea has reiterated its position that the issuance of won pegged stablecoins should be limited to commercial banks, as lawmakers continue to debate a comprehensive regulatory framework…
South Korea is taking steps to widen access to cryptocurrency investment while maintaining a cautious stance on the risks posed by stablecoins, according to comments from senior policymakers. Speaking at…
The Bank of Korea (BOK) has proposed new regulations requiring stablecoin issuers to maintain mandatory deposits with the central bank as part of their reserve backing. This initiative aims to…