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South Korean Central Bank Governor Expresses Concerns Over Won Stablecoin
#won #bank
According to Foresight News, South Korean Central Bank Governor Rhee Chang-yong stated at a press conference in Seoul on Wednesday that while he does not oppose the issuance of a won-backed stablecoin, it could facilitate easier exchanges with dollar stablecoins. This, in turn, might increase demand for dollar stablecoins, complicating foreign exchange management.
Last month, Rhee warned that stablecoins issued by non-bank entities could undermine the effectiveness of monetary policy and capital flow controls. He emphasized that the central bank should lead the regulation of stablecoins linked to the won.
Earlier this month, South Korea's ruling party introduced a digital asset basic bill aimed at establishing the necessary regulatory infrastructure to assist Korean companies in issuing won-backed stablecoins.
#won #bank
According to Foresight News, South Korean Central Bank Governor Rhee Chang-yong stated at a press conference in Seoul on Wednesday that while he does not oppose the issuance of a won-backed stablecoin, it could facilitate easier exchanges with dollar stablecoins. This, in turn, might increase demand for dollar stablecoins, complicating foreign exchange management.
Last month, Rhee warned that stablecoins issued by non-bank entities could undermine the effectiveness of monetary policy and capital flow controls. He emphasized that the central bank should lead the regulation of stablecoins linked to the won.
Earlier this month, South Korea's ruling party introduced a digital asset basic bill aimed at establishing the necessary regulatory infrastructure to assist Korean companies in issuing won-backed stablecoins.
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🇰🇷 Matrixport: The new president of South Korea supports bold crypto reforms - including #BTC -#ETF's , a stablecoin backed by the #won , and institutional adoption.
But despite these measures, cryptocurrency trading volumes remain close to historical lows, showing that traders are still not rushing.
#SouthKoreaCryptoPolicy
But despite these measures, cryptocurrency trading volumes remain close to historical lows, showing that traders are still not rushing.
#SouthKoreaCryptoPolicy
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My 30 Days' PNL
2025-04-06~2025-05-05
+$1.33
+499.67%
$TRUMP #TrumpCrypto #WON 🚀🚀🚀🆘🆘🆘
Those who want to open a transaction should be very careful. It is not possible to predict what will happen. It can crash and rise with a small news. Those who open a transaction should be careful. It is not investment advice. Information!
Those who want to open a transaction should be very careful. It is not possible to predict what will happen. It can crash and rise with a small news. Those who open a transaction should be careful. It is not investment advice. Information!
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as I said in my previous post , In which I predicted Hamster $HMSTR price will be $0.01, But some over minded people said it will be $1 or $0.1, I know that from early stage they will fool you all . so, I didn't waste my time in tap- tap-tap-tap . but i did some of the most profitable airdrops and got $900 in 2 months . if you too want to earn like me you can DM me .
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as I said in my previous post , In which I predicted Hamster $HMSTR price will be $0.01, But some over minded people said it will be $1 or $0.1, I know that from early stage they will fool you all . so, I didn't waste my time in tap- tap-tap-tap . but i did some of the most profitable airdrops and got $900 in 2 months . if you too want to earn like me you can DM me .
#BinanceLaunchpoolHMSTR #HMSTRonBinance #moonbix #CATIonBinance #won
‼️Record attack from Shiba Inu. ‼️👑👑
In 2 days, its market value increased from $11 billion 240 million to $15 billion 250 million, ahead of 3 coins on the list and rose to 10th place.
It became the coin that increased the most in rank. Whales 🐳 started to enter SHIBA. Analysts predict that SHIB will delete a zero this month.
It will rise to at least $0.3 with a high attack during the bull period. It is expected to be $1 in 2025. 💲
$SHIB #SHIB #BullPeriod #ElonMusk #Shibarmy #won
In 2 days, its market value increased from $11 billion 240 million to $15 billion 250 million, ahead of 3 coins on the list and rose to 10th place.
It became the coin that increased the most in rank. Whales 🐳 started to enter SHIBA. Analysts predict that SHIB will delete a zero this month.
It will rise to at least $0.3 with a high attack during the bull period. It is expected to be $1 in 2025. 💲
$SHIB #SHIB #BullPeriod #ElonMusk #Shibarmy #won
STONKS Trader Turns $8K Into $308K!
The $STONKS rally brought back $50M in market value, and some sharp traders took full advantage.
One smart money trader (8uAoP...kXQ3B) timed the bottom perfectly:
Bought $8,208 worth of #STONKS when its market cap dropped to $1.21M, with an entry price of $0.001213.
Sold everything at $0.04684 just two hours ago, right as it exploded.
Final profit: $308K, a 3,759% return!
Those who bought the dip #won big—but will this rally hold? 🚀
The $STONKS rally brought back $50M in market value, and some sharp traders took full advantage.
One smart money trader (8uAoP...kXQ3B) timed the bottom perfectly:
Bought $8,208 worth of #STONKS when its market cap dropped to $1.21M, with an entry price of $0.001213.
Sold everything at $0.04684 just two hours ago, right as it exploded.
Final profit: $308K, a 3,759% return!
Those who bought the dip #won big—but will this rally hold? 🚀
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