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Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Limited Stablecoin Role
Shin Hyun-song, the nominee to head the Bank of Korea, has proposed that the country's digital monetary system be centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary, supplementary role. According to Yonhap, he stated that these two should coexist in a competitive and complementary manner. In his written remarks submitted to parliam…
April 14, 2026, 10:01 a.m.
Policy
South Korea's Central Bank Nominee Advocates for Digital Currency Led by the Bank
The nominee to head the Bank of Korea, Shin Hyun-song, has expressed his support for a central bank digital currency, suggesting that it should be the cornerstone of the country's digital monetary system, with stablecoins playing a secondary role. According to Shin, central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive manner. He submit…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank Digital Currency, Limits Stablecoins
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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 outlined his vision for South Korea's digital currency system, emphasizing the importance of 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 come fir…
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 money system should primarily consist of a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a supplementary role. He noted that these two can coexist in a competitive and complementary manner. In his written remarks, Shin expressed support for introducing a won-based sta…
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 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. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and competi…
April 14, 2026, 10:01 a.m.
Policy
South Korea's Central Bank Nominee Favors State-Led Digital Currency Over Stablecoins
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed support for a central bank digital currency and deposit tokens, suggesting that they should be the primary components of South Korea's digital financial system. He believes that stablecoins can coexist with these currencies in a supplementary and competitive manner. According to Shin, trust in the currency is paramount, and he p…
April 14, 2026, 10:01 a.m.
Policy
South Korea's Central Bank Nominee Advocates for Digitally-Backed Currency Led by the Central Bank
According to Shin Hyun-song, the nominee to head the Bank of Korea, the country's digital monetary system should primarily consist of a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary, supplementary role. In his written remarks submitted to parliament, Shin emphasized the need for trust in the currency and expressed support for introducing a won-…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Endorses Central Bank Digital Currency, Restricts Stablecoin Role
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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 for the Bank of Korea's leadership, the country's digital monetary system should be centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary, supplementary role. In his written remarks to parliament, Shin expressed support for introducing a won-based stablecoin, but stressed that trust in the curr…
April 14, 2026, 10:01 a.m.