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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 centered around a central bank digital currency and bank-issued deposit tokens, 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 complementar…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Endorses Central Bank-Backed Digital Currency, Cites Limited 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
South Korea's nominee to lead the Bank of Korea, Shin Hyun-song, has outlined his vision for the country's digital money system, with a central bank digital currency and bank-issued deposit tokens at its core, and stablecoins playing a secondary role. In his written remarks, Shin stated that he expects these digital currencies to coexist and compete with stablecoins. He also expressed support for…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
Shin Hyun-song, the nominee to lead the Bank of Korea, stated that 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 supporting role. He noted that central bank digital currencies and deposit tokens can coexist with stablecoins in a complementary and competitive manner. Shin expressed suppor…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Endorses Central Bank-Driven Digital Currency, Cites Limited Scope for Stablecoins
None
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Governor Advocates for Central Bank-Backed Digital Currency
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed his support for a central bank digital currency, suggesting that it, along with bank-issued deposit tokens, should be 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 w…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports 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 at the core of South Korea's digital money system, with stablecoins playing a supplementary role. He stated that he expects these two to coexist with stablecoins in a competitive and supplementary manner. Shin expressed support for introducing a won-based…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency, Limits 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. In his written remarks submitted to parliament, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a suppl…
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, proposed that the country's digital money system should primarily consist of a central bank digital currency and bank-issued deposit tokens, 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 supplementary and competiti…
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 expressed support for a digital currency system led by the central bank, with bank-issued deposit tokens and central bank digital currencies forming the core, and 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 co…
April 14, 2026, 10:01 a.m.