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Policy
Bank of Korea Nominee Favors Central Bank-Backed Digital Currency Over Stablecoins
According to Shin Hyun-song, the nominee for the Bank of Korea's leadership, the country's digital monetary system should primarily consist of a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a subordinate role. He expressed that these two can coexist in a supplementary and competitive manner. Shin submitted written remarks to parliament prior to his confir…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Driven Digital Currency, Limits Stablecoin Involvement
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Voices Support for Central Bank-Backed Digital Currency, Citing Limited Stablecoin Potential
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Driven Digital Currency, Envisions Restricted Role for Stablecoins
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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 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 secondary role. He noted that these two can coexist with stablecoins in a supplementary and competitive manner. In his written remarks, Shin advocated for introducing a won-bas…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea's Nominee Favors Central Bank-Backed Digital Currency Over Stablecoins
The Bank of Korea's nominee, Shin Hyun-song, has expressed his support for a digital currency system led by the central bank, emphasizing the importance of strict regulations and compliance controls. According to Shin, a central bank digital currency and bank-issued deposit tokens should be the foundation of South Korea's digital monetary system, with stablecoins playing a secondary role. He beli…
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 support for a central bank digital currency, suggesting that it should form the foundation of South Korea's digital monetary system, with stablecoins playing a secondary role. According to Yonhap, Shin stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a complementary and competitive m…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Cautions on Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Governor Advocates for Central Bank-Backed Digital Currency, Citing Limited Scope for Stablecoins
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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 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 secondary role. He noted that central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive manner. Shin submitted written rem…
April 14, 2026, 10:01 a.m.