Bank of Korea Takes the Lead on Stablecoin Regulation as Crypto Adoption Surges

As over 35% of South Korea's population engages in crypto trading, the Bank of Korea (BOK) is stepping up to address the growing financial and regulatory implications. In its latest payments report, the central bank emphasized the urgent need for clear stablecoin regulations, warning that the unchecked expansion of fiat-pegged digital assets could disrupt monetary policy and payment systems.

The BOK is actively contributing to South Korea’s evolving crypto legislative framework, working alongside the Financial Services Commission (FSC) on a second phase of regulation that will cover stablecoins, token transparency, and enhanced oversight of crypto service providers.

At the same time, the central bank is advancing its CBDC pilot, with phase two set to test real-world peer-to-peer payments later this year—marking a significant step in exploring state-backed alternatives to private stablecoins.

By combining innovation with regulatory clarity, South Korea is emerging as a global model for responsible crypto governance.

#Stablecoins #CBDC #BankOfKorea #CryptoRegulation

Read more on Ecoinimist: www.ecoinimist.com/2025/04/21/bank-of-korea-stablecoin-push/