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Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency Initiative
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed his support for a central bank digital currency model, stating that it and bank-issued deposit tokens should be at the forefront of South Korea's digital money system. In his view, stablecoins should have a supplementary and competitive role. He noted that trust in the currency is paramount and that stablecoins can be useful for…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has proposed that the nation's digital monetary system should be centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary role. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and compe…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Limited Stablecoin Role
Shin Hyun-song, the Bank of Korea's nominee, proposed a digital money system centered around central bank digital currencies and bank-issued deposit tokens, with stablecoins playing a secondary role. He suggested that central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive manner. Shin supports the introduction of a won-based stablecoin, …
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Led Digital Currency, Limited Stablecoin Role
The Bank of Korea's nominee, Shin Hyun-song, has expressed support for a central bank digital currency, suggesting that it and bank-issued deposit tokens should be the foundation of South Korea's digital currency system, with stablecoins playing a supporting role. In his written remarks to parliament, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with s…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limits Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed his support for a digital currency system centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary role. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and competitive ma…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
Shin Hyun-song, the Bank of Korea's nominee, proposed a digital money system centered around central bank digital currencies and bank-issued deposit tokens, with stablecoins playing a supplementary role. He stated that these two should coexist competitively, according to Yonhap, citing the Bank of Korea. In his written remarks to parliament, Shin expressed support for introducing a won-based stab…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Limited Stablecoin Role
According to Shin Hyun-song, the nominee to lead the Bank of Korea, the country's digital monetary system should be centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a supporting role. He stated that these two should coexist in a way that is both supplementary and competitive. In his written remarks to parliament, Shin expressed support for i…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Limited Stablecoin Role
According to Shin Hyun-song, the nominee to head the Bank of Korea, the country's digital money system should be centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary role. He noted that these two should coexist with stablecoins in a supplementary and competitive manner. In his written remarks submitted to parliament, Shin expressed s…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Limited Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has proposed a digital money system with a central bank digital currency and bank-issued deposit tokens at its core, supplemented by stablecoins in a secondary capacity. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a competitive and supplementary manner. In …
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Limited Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has proposed a digital money system centered around central bank digital currencies and bank-issued deposit tokens, with stablecoins playing a secondary role. In his written remarks, Shin expressed support for introducing a won-based stablecoin, but stressed that trust in the currency must be established first. He views stablecoins as useful …
April 14, 2026, 10:01 a.m.