Bank of Korea Governor: Legislation for the stability of the Korean won stablecoin should be advanced as soon as possible, advocating for bank-led issuance

According to Edaily, Bank of Korea Governor Shin Hyun-song stated at a parliamentary meeting that the system related to the Korean won stablecoin and the legislation of the "Digital Asset Basic Law" should be promoted as soon as possible, and emphasized that there will be a competitive and complementary relationship between stablecoins, deposit tokens, and central bank digital currencies.