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Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency
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 supplementary role. In his written remarks submitted to the parliament ahead of his confirmation hearing, Shin stated that he expects central bank digital currencies and deposit tok…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency Over Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency, Limits Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed his support for a central bank digital currency and bank-issued deposit tokens as the foundation of South Korea's digital currency system, with stablecoins playing a secondary role. He stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive manner. In his wri…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Involvement
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 role. In his written remarks submitted to parliament, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stableco…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency Development
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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 Bank of Korea's nominee, Shin Hyun-song, has expressed his support for a central bank-led digital currency, suggesting that it should form the foundation of South Korea's digital monetary system, with stablecoins playing a subordinate role. According to Yonhap, Shin stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive m…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Led Digital Currency, Limited 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 Supports Central Bank-Led Digital Currency Development
The nominee for 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 South Korea's digital financial system, with stablecoins playing a supplementary role. In his written remarks, Shin noted that trust in the currency is paramount and that stablecoins should be introduced with a won-based model. He views …
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency Development
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed his support for a central bank digital currency, stating that it and bank-issued deposit tokens should be at the forefront of South Korea's digital monetary system, with stablecoins playing a secondary role. He believes that central bank digital currencies and deposit tokens can coexist with stablecoins in a competitive and supp…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Led Digital Currency
The nominee to head the Bank of Korea, 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. He envisions stablecoins playing a secondary role, serving as a supplementary tool for tokenized asset trading and programmable payments rather than a replacement for f…
April 14, 2026, 10:01 a.m.