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Bank Of Korea Warns Of Stablecoins From Non-Bank Entities

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bank of Korea’s Governor has warned about the issuance of stablecoins by non-bank entities, arguing that these digital assets could confuse monetary policies and foreign exchange regulations. BOK Concerned About Non-Bank Stablecoins At a Thursday press conference, Bank of Korea (BOK) […]

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South Korean Crypto Stablecoin Push Could Backfire, BOK Warns—Here’s Why

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korea’s central bank has expressed caution over the potential consequences of issuing won-pegged crypto stablecoins, raising concerns that their adoption could inadvertently boost demand for US dollar-backed stablecoins. Bank of Korea (BOK) Governor Lee Chang-yong warned that such developments may undermine