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Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Involvement
Shin Hyun-song, the nominee to head the Bank of Korea, emphasized the need for a central bank digital currency and bank-issued deposit tokens to form the backbone of South Korea's digital monetary system, with stablecoins playing a secondary, supplementary role. He stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a competitive and complementary manner…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Sees Restricted Scope for Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Controlled Digital Currency, Limiting Stablecoin Role
Shin Hyun-song, the nominee to head the Bank of Korea, proposed that 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 role. He stated that he expects these two to coexist with stablecoins in a supplementary and competitive manner. In his written remarks submitted to parliament, Shin…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
According to Shin Hyun-song, the nominee for the Bank of Korea's leadership, 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, supplementary role. In his written remarks to parliament, Shin expressed support for introducing a stablecoin pegged to the South Korean won, but underscored…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
According to Shin Hyun-song, the nominee to head 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 subordinate role. He stated that these two elements could coexist with stablecoins in a supplementary and competitive manner. Shin expressed support for introducing a won-based…
April 14, 2026, 10:01 a.m.
Policy
South Korea's Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency
According to Shin Hyun-song, the nominee to head the Bank of Korea, a central bank digital currency and bank-issued deposit tokens should be the foundation of South Korea's digital financial system, with stablecoins serving a secondary purpose. He stated that these two should coexist and complement each other, as reported by Yonhap. In his written remarks to parliament, Shin expressed support for…
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 expressed his support for a central bank digital currency, suggesting that it and bank-issued deposit tokens should be at the forefront of South Korea's digital currency system, with stablecoins playing a secondary role. According to Shin, central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary a…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Led Digital Currency, Citing Limited Scope for Stablecoins
According to Shin Hyun-song, the nominee to head 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 taking on a secondary role. He expressed his expectation that these two elements can coexist and compete with stablecoins in a supplementary manner. Shin submitted written remarks to par…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency
The nominee for the Bank of Korea, Shin Hyun-song, has expressed his support for a digital currency system led by the central bank, with bank-issued deposit tokens and central bank digital currencies at its core. According to Shin, stablecoins should play a secondary role, coexisting with these core components in a competitive and supplementary manner. In his written remarks, Shin highlighted the…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Downplays Stablecoins' Potential
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April 14, 2026, 10:01 a.m.