🇰🇷 SOUTH KOREA LAUNCHES VIRTUAL ASSET DIVISION!

🔍 What’s Happening?

The Bank of Korea (BOK) has created a new Virtual Asset Division to regulate and study crypto markets more closely — especially stablecoins.

⚙️ Key Highlights:

🏛 New Crypto Department formed inside the Central Bank

💱 Focus on stablecoins tied to the Korean won

🧠 Tracks trends, works with lawmakers, shapes future regulations

🏦 Split CBDC team into 2 parts:

Tech Team – develops crypto tools

Infra Team – builds testing platforms

📉 Why It Matters:

📌 Private companies may soon issue stablecoins under new law

🏦 Central Bank wants banks, not startups, to issue stablecoins

❌ CBDC pilot program paused temporarily

⚖️ Power struggle between central bank and lawmakers over control

🚨 South Korea is gearing up to lead in the digital currency race — but with caution and control. The big question now: Stablecoins or CBDC — who will win?