According to ChainCatcher, Bank of Korea Governor Lee Chang-yong stated that in order to incorporate programming capabilities into currency, a Korean won stablecoin is necessary, but it should be gradually introduced starting from banks.
Lee Chang-yong pointed out the potential risks of stablecoins at the National Assembly Planning and Finance Committee, emphasizing that the issuing entities must have a KYC system and be large enterprises of a certain scale.
He warned that allowing large non-bank enterprises to issue stablecoins could change the existing financial structure, which requires careful consideration and may lead to a decline in bank deposits and profitability.
