KRW

Korea’s Top 8 Banks Team Up to Launch KRW Stablecoin JV

According to Economic Review (June 25), eight major Korean banks — including Kookmin, Shinhan, Woori, Nonghyup — are forming a joint venture to issue a KRW-pegged stablecoin, aiming to counter USD dominance in the global stablecoin space.

🔍 Two models under discussion:
Trust-backed issuance
Deposit token model (1:1 bank deposits)

Expected launch: Late 2024 or early 2025
This marks the first coordinated move by Korea’s private banking sector into digital assets.

#stablecoin #KRW #Korea

South Korea's Central Bank Eyes KRW Stablecoin!**
> BOK Governor Lee Chang-yong meets major bank CEOs next week (June 23) in Seoul.
> 🔍 Key topic: Potential issuance of a Korean Won (KRW)-pegged stablecoin.
> ⚠️ Previously cautious due to monetary policy & stability risks.
> \#BOK #StablecoinDebate #KRW #SouthKorea #CryptoNews
**BREAKING: South Korea's Central Bank Set to Discuss Won Stablecoin**
> BOK Governor Lee Chang-yong convenes bank leaders June 23rd to explore KRW-pegged stablecoin issuance.
> Vice Gov. Park Jong-woo (monetary policy chief) to join.
> A shift from prior caution over non-bank sector risks.

🇰🇷 South Korea's Crypto Policy 2025 Update 🔐📈

South Korea's crypto market is one of the most regulated globally. Here's what traders and investors need to know:

👉Key Policy Highlights:

1. Compulsory Registration: All crypto exchanges must register with the Financial Services Commission (FSC) and comply with anti-money laundering (AML) laws.
2. Investor Protection Law: Exchanges must have mandatory insurance, keep customer funds separate, and use real-name trading accounts.
3. 20% Tax Rule: Capital gains tax on crypto above 2.5 million #KRW (~$1,800) is still paused, pending further review.
4. Strict KYC & AML: Users must verify their identity, and privacy coins like Monero are banned from major platforms.
5. Education Push: Government-backed campaigns aim to educate youth on crypto safety and scams.

👉Why It Matters:

- Safer Market: Regulations protect investors and promote a clean environment for projects.
- Increased Institutional Interest: Clear guidelines attract more institutional investors.
- Balancing Innovation: South Korea's regulatory model could serve as a template for other countries.

Market Update:
$WCT 0.4287 -3.03%
$BMT 0.1225 -4.37%
$GMT

Stay informed about South Korea's crypto policy and its impact on the market. #SouthKoreaCrypto #CryptoRegulation #CryptoTax #CryptoLaw2025

South Korea's new president Lee Jae-myung wants to do three things in the cryptocurrency world

GOOD NEWS FOR CRYPTO WORLD 😊

South Korea’s new president, Lee Jae-myung, plans to boost the country’s crypto market by promoting a Korean won stablecoin and crypto ETFs. He aims to attract young investors and strengthen financial reforms. His policies include legalizing crypto ETFs, allowing national pension funds to invest in crypto, and creating a won-backed stablecoin to reduce reliance on US dollar stablecoins like USDT.

The summary of three things he would like to do -

1. Korean Won Stablecoin
- Goal: Replace USD-backed stablecoins (like USDT/USDC) with a government-approved KRW₮ stablecoin.
- Why? Reduce reliance on foreign currencies and strengthen the Korean won’s financial sovereignty.

2. Legalize Crypto ETFs (Exchange -Trded Fund)
- Goal: Approve spot Bitcoin/ETH ETFs (like the U.S. and Hong Kong) for safer institutional investment.
- Why? Make crypto accessible to mainstream investors with regulated products.

3. National Pension Fund Crypto Exposure
- Goal: Allow South Korea’s $884 billion pension fund to invest in Bitcoin and other crypto assets.
- Why? Diversify national reserves and hedge against global economic risks.

#KRW #BTC $BTC

The South Korean won (KRW) has declined to its lowest level against the U.S. dollar (USD) in over 15 years
Traders on Upbit are buying $BTC and $USDT at a 3-5% premium.
#SouthKorea #KRW