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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, has expressed his support for a central bank-led digital currency model, suggesting that it should form the backbone of South Korea's digital monetary system, with stablecoins playing a supplementary role. In his written remarks, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a co…
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Supports 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
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 stated that he expects these two elements to coexist with stablecoins in a supplementary and competitive manner. Shin submitted written remarks to parliament…
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 outlined his vision for South Korea's digital currency system, with central bank digital currencies and bank-issued deposit tokens at its core, and 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 com…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Backed Digital Currency, Limited Stablecoin Role
The nominee to head the Bank of Korea, Shin Hyun-song, emphasized the importance of central bank digital currencies and bank-issued deposit tokens in forming the foundation of South Korea's digital currency system, with stablecoins playing a secondary role. In his written remarks submitted to parliament, Shin expressed support for introducing a won-based stablecoin, but emphasized that trust in t…
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Governor Supports Central Bank-Backed Digital Currency, Limited Stablecoin Role
Shin Hyun-song, the nominee to head the Bank of Korea, proposed that 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 forms of digital currency can coexist with stablecoins in a supplementary and competitive manner. In his written remarks, Shin expresse…
April 14, 2026, 10:01 a.m.
Policy
South Korea's Central Bank Nominee Advocates for Central Bank-Led Digital Currency
The nominee for the Bank of Korea, Shin Hyun-song, has expressed support for a digital currency system led by the central bank, with bank-issued deposit tokens and central bank digital currencies forming the foundation, while stablecoins play a secondary role. In his written remarks to parliament, Shin stated that he expects these digital currencies to coexist with stablecoins in a competitive an…
April 14, 2026, 10:01 a.m.
Policy
South Korea's Central Bank Nominee Advocates for Digital Currency Led by the Central Bank, Limits Stablecoins' Role
According to Shin Hyun-song, the nominee to head the Bank of Korea, the nation'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 expressed his expectation that central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive manner. Shin…
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, a central bank digital currency and bank-issued deposit tokens should be the foundation of South Korea's digital currency system, with stablecoins playing a secondary role. He stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and competitive manner. In his wri…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency, Limits Stablecoin Role
None
April 14, 2026, 10:01 a.m.