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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 proposed that 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. According to Yonhap, Shin stated that he expects these currencies to coexist with stablecoins in a supplementary and competitive manner. In his written remark…
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, emphasized that a central bank digital currency and bank-issued deposit tokens should be the foundation of South Korea's digital money system, with stablecoins serving as a supplementary component. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a competitive a…
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 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. According to Yonhap, he stated that he expects these currencies to coexist with stablecoins in a supplementary and competitive manner. In his written remarks …
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank 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, suggesting that it and bank-issued deposit tokens should be at the core of South Korea's digital currency system, with stablecoins playing a secondary role. According to Yonhap, he stated that central bank digital currencies and deposit tokens can coexist with stablecoins in a sup…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has emphasized the importance of a central bank digital currency and bank-issued deposit tokens in forming the foundation of South Korea's digital monetary system, with stablecoins playing a secondary role. According to Yonhap, he stated that he anticipates central bank digital currencies and deposit tokens to coexist with stablecoins in a su…
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 digital currency system centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a subordinate role. According to Yonhap, Shin stated that he anticipates central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and competit…
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 money system, prioritizing a central bank digital currency and bank-issued deposit tokens, with stablecoins serving a supplementary function. In his written remarks, Shin expressed support for introducing a won-based stablecoin, but stressed that establishing trust in the currency is paramount…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Endorses Central Bank-Driven Digital Currency, Envisions Restricted 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, Limited Stablecoin Role
The nominee to head the Bank of Korea, Shin Hyun-song, has expressed his support for a digital currency system led by the central bank, with bank-issued deposit tokens and central bank digital currencies at its core, and stablecoins playing a secondary role. According to Yonhap, Shin stated that he expects these digital currencies to coexist with stablecoins in a supplementary and competitive man…
April 14, 2026, 10:01 a.m.
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 central bank digital currency and deposit tokens as the foundation of South Korea's digital monetary system. He believes that stablecoins can coexist with these, but in a supplementary and competitive capacity. Shin submitted written remarks to parliament prior to his confirmation hearing, stating that introduc…
April 14, 2026, 10:01 a.m.