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Policy
Bank of Korea Nominee Endorses 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-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 and deposit tokens as the foundation of South Korea's digital monetary system, with stablecoins playing a supplementary role. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a competitive and complem…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Citing Limited Scope for Stablecoins
None
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 and deposit tokens as the foundation of South Korea's digital currency 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 supplementary and competitive manner.…
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 these two should coexist with stablecoins in a complementary and competitive manner. Shin expressed support for introducing a won-based stablecoin bu…
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, envisions a digital money system centered around central bank digital currencies and bank-issued deposit tokens, with stablecoins playing a secondary, supplementary role. He expressed support for introducing a won-based stablecoin, but stressed the importance of establishing trust in the currency first. In his written remarks, Shin positioned stablecoi…
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 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. He expressed his support for introducing a stablecoin pegged to the Korean won, but emphasized that trust in the currency must be establ…
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Supports Central Bank Digital Currency, Limits Stablecoin Role
None
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Driven Digital Currency, Envisions Restricted Stablecoin Role
None
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limits Stablecoin Involvement
None
April 14, 2026, 10:01 a.m.