According to PANews, the Bank of Korea has decided to establish a new 'Virtual Asset Group' under the Financial Payment Bureau to address discussions surrounding legislation related to stablecoins based on the Korean won. The Digital Currency Research Room of the Financial Payment Bureau will also be renamed to Digital Currency Room. The Bank of Korea stated that it will respond to discussions related to stablecoins and virtual assets through the Virtual Asset Group and will collaborate with the government, National Assembly, and others during the legislative process.