South Korea Pauses CBDCs, Stablecoins Heat Up: Here’s Why Best Wallet Wins the New Crypto Framework

South Korea pressed pause on its central bank digital currency (CBDC) initiative, even as its new government pivoted toward promoting domestic stablecoins. Telling banks involved that introducing won-denominated stablecoins would be ‘desirable,’ South Korea’s central bank has slowed down on any progress towards a CBDC. In the meantime, Hong Kong is rolling out a regulatory framework for stablecoin issuance aimed at challenging U. S source: https://www.newsbtc.com/news/south-korea-pauses-cbdcs-stablecoins-heat-up-heres-why-best-wallet-wins/