Against the backdrop of the ongoing rise in the topic of 'Korean won stablecoins', the Bank of Korea has adjusted its internal organizational structure to comprehensively strengthen its policy layout for virtual assets.
South Korean media (News1) cited an announcement from the Bank of Korea on July 29, stating that starting from the 31st, the 'Digital Currency Research Laboratory' under the 'Financial Settlement Bureau' will officially be renamed 'Digital Currency Office', symbolizing a transition from theoretical exploration and academic research to a practical unit for promoting related policies.
The various teams within the 'Digital Currency Office' are also undergoing adjustments, with a clearer system structure; 'Digital Currency Technology Group 1' has been renamed to 'Digital Currency Technology Group'; while 'Digital Currency Technology Group 2' has been changed to 'Digital Currency Infrastructure Group'.
In the future, the 'Digital Currency Technology Group' will be responsible for research and investigation related to digital currency and personal information protection technology; the 'Digital Currency Infrastructure Group' will be responsible for developing a digital certificate management platform based on 'deposit tokens' and establishing a feasibility verification platform for deposit tokens.
It is worth noting that the Bank of Korea has also newly established a 'Virtual Assets Group' within the 'Financial Settlement Bureau', specifically responsible for supervising the virtual asset market, including the Korean won stablecoin, and coordinating discussions on related policy formulation and regulations.
This article is reprinted with permission from: (Blockke)
Original title: (Preparing for the 'Stablecoin Wave'! The Bank of Korea Establishes a 'Virtual Assets Group' to Strengthen Regulation)
Original author: Block Sister MEL
'Preparing for the Stablecoin Wave! The Bank of Korea Establishes a Virtual Assets Department to Strengthen Related Regulation' was first published in 'Crypto City'