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Policy
South Korea's Central Bank Nominee Advocates for CBDC and Deposit Tokens, Limited Stablecoin Role
The Bank of Korea's nominee, Shin Hyun-song, emphasized the importance of a central bank digital currency and bank-issued deposit tokens in forming the foundation of South Korea's digital currency system. According to Shin, stablecoins should play a secondary role, supplementing and competing with central bank digital currencies and deposit tokens. In his written remarks, Shin expressed support f…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency
The Bank of Korea's nominee, 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. According to Shin, stablecoins should play a secondary role, supplementing and competing with these core components. In his written remarks, Shin highlighted the need for trust in the c…
April 14, 2026, 10:01 a.m.
Policy
South Korea's Central Bank Nominee Advocates for Digital Currency Led by the Central Bank, 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. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and competitive ma…
April 14, 2026, 10:01 a.m.
Policy
South Korea's Central Bank Nominee Supports State-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 core of South Korea's digital money system. According to Shin, stablecoins should have a supplementary and competitive role, rather than replacing state-backed money. In his written remarks, Shin noted that introducing a won-based stablecoin is acceptable,…
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 head the Bank of Korea, the country's digital monetary system should primarily consist of a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a secondary role. In his written remarks submitted to parliament, Shin expressed support for introducing a won-based stablecoin, but stressed that trust in the currency must be…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Limited Stablecoin Role
The Bank of Korea's nominee, Shin Hyun-song, has 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 supporting role. According to Yonhap, Shin stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and competitive m…
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Governor Advocates for Central Bank-Backed Digital Currency, Citing Limited Scope for Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limits Stablecoin Role
Shin Hyun-song, the nominee to head the Bank of Korea, emphasized that a central bank digital currency and bank-issued deposit tokens should be the backbone of South Korea's digital monetary system, with stablecoins serving a secondary purpose. He stated that he expects central bank digital currencies and deposit tokens to coexist with stablecoins in a supplementary and competitive manner. In his…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency, Limits Stablecoin Role
Shin Hyun-song, the nominee to lead the Bank of Korea, has proposed a digital money system centered on central bank digital currencies and bank-issued deposit tokens, with stablecoins playing a secondary role. According to Yonhap, he believes that central bank digital currencies and deposit tokens can coexist with stablecoins in a supplementary and competitive manner. In written remarks submitted…
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Governor Supports Central Bank-Led Digital Currency Development
The Bank of Korea's nominee, Shin Hyun-song, has expressed his support for a central bank digital currency model, suggesting that it should be at the core of South Korea's digital money system, alongside bank-issued deposit tokens, with stablecoins serving as a supplementary tool. In his written remarks, Shin noted that trust in the currency is paramount and emphasized the importance of introduci…
April 14, 2026, 10:01 a.m.