Bank of Korea Backs Bank-Led Won Stablecoin Issuance, Seeks Oversight Body

09/07 22:30

The Bank of Korea submitted materials on July 9 supporting bank-led issuance of won-denominated stablecoins, while calling for priority issuance rights for bank-led consortiums and the creation of a statutory oversight body. According to NS3.AI, the central bank’s proposal emphasizes giving banks a leading role in stablecoin issuance under a formal supervisory framework. Separately, South Korea missed its first-quarter 2026 target for passing the Digital Asset Basic Act.

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Bank of Korea Backs Bank-Led Won Stablecoin Issuance, Seeks Oversight Body

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