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Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Citing Limited Stablecoin Role
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 monetary system, with stablecoins serving a supplementary purpose. He stated that he anticipates central bank digital currencies and deposit tokens will coexist with stablecoins in a competitive and complementary manne…
April 14, 2026, 10:01 a.m.
Policy
South Korea's 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 stated that a central bank digital currency and bank-issued deposit tokens should be at the core of South Korea's digital money system, with stablecoins playing a supporting role. He believes that central bank digital currencies and deposit tokens can coexist with stablecoins in a competitive and supplementary manner. Shin has submitted w…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Endorses Central Bank-Backed Digital Currency, Limits Stablecoin Role
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Cautions on Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Cites Limited Scope for Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea's Nominee Supports Central Bank-Backed Digital Currency Over Stablecoins
The nominee for the Bank of Korea, Shin Hyun-song, has expressed his support for a digital currency model led by the central bank, with bank-issued deposit tokens at its core, while assigning a secondary role to stablecoins. According to Yonhap, he stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive manner. In his written …
April 14, 2026, 10:01 a.m.
Policy
South Korea's Central Bank Nominee Supports Digital Currency, Limits Stablecoin Role
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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 proposed that a central bank digital currency and bank-issued deposit tokens should form the foundation of South Korea's digital monetary system, 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 competitive and su…
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Supports Central Bank 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 Shin, these two should coexist in a supplementary and competitive manner. He also stated that introducing a won-based stablecoin is a possibility, but i…
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 serving a secondary purpose. In his written remarks submitted to parliament, Shin expressed support for introducing a won-based stablecoin, but stressed that establishing trust in the cu…
April 14, 2026, 10:01 a.m.