According to Newsis, the head of the Bank of Korea, Lee Chang Yong, will attend a dinner with bankers at the Seoul Banking Association on June 23, 2025, where he plans to discuss the creation of stablecoins pegged to the South Korean won. This initiative is part of South Korea's efforts to develop digital currencies and regulate the crypto market. Previously, the Bank of Korea has expressed caution regarding stablecoins issued by non-bank entities due to potential risks to monetary policy and financial stability.
Discussing stablecoins pegged to the won could be an important step for integrating cryptocurrencies into the country's financial system. South Korea is already testing a digital won (CBDC), but stablecoins issued by private companies could offer additional flexibility for transactions. The regulator aims to balance innovation and control to prevent money laundering and protect investors.
This event highlights the growing role of South Korea in the global crypto space. Stay updated on stablecoins and digital currencies by subscribing to #MiningUpdates
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