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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, proposed that a central bank digital currency and bank-issued deposit tokens should form the foundation of South Korea's digital money system, with stablecoins serving as a supplementary component. He noted that central bank digital currencies and deposit tokens can coexist with stablecoins in a competitive and supplementary manner. In his wr…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Endorses Central Bank-Driven Digital Currency, Envisions Restricted Stablecoin Involvement
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April 14, 2026, 10:01 a.m.
Policy
South Korea's Central Bank Nominee Advocates for Digital Currency Led by the Bank
The Bank of Korea's nominee, Shin Hyun-song, has expressed his support for a central bank digital currency, suggesting that it should be the foundation of South Korea's digital monetary system, with stablecoins playing a supporting role. He stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a competitive and supplementary manner. Shin emphasized the nee…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Involvement
The nominee to lead the Bank of Korea, Shin Hyun-song, proposed that the nation'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. He noted that these digital currencies and tokens can coexist with stablecoins in a competitive and complementary manner. In his written remark…
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 be centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a supporting role. He stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a mutually supplementary and competitive manner. Shin expressed …
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, has expressed support for a digital currency system centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary role. He stated that these currencies can coexist and complement each other, but stressed the need for trust and strict regulations. Shin also highlighted the potential benefits of stab…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency Initiative
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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 support for a digital currency system led by the central bank, with bank-issued tokens at its core and stablecoins playing a secondary role. In his written remarks to parliament, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and competitive manner. H…
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Supports Central Bank-Led Digital Currency, Sees Limited Scope for Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Restricting Stablecoins' Role
According to Shin Hyun-song, the nominee to head the Bank of Korea, the country's digital monetary system should primarily consist of central bank digital currencies and bank-issued deposit tokens, with stablecoins serving a secondary function. He stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive manner. Shin expressed s…
April 14, 2026, 10:01 a.m.