Offshore Won Market Needed to Boost Global Trust in Won-Backed Stablecoin Reserves
Calls are rising for an offshore won market to boost global trust in won-backed stablecoins, with experts stressing the need for international collateral recognition and regulatory alignment.
The Bank of Korea has warned that won-pegged stablecoins could bypass foreign exchange regulations and disrupt the financial industry, urging that regulatory loopholes and the separation of banking and commerce be addressed before broader adoption.
#YonhapInfomax #BankOfKorea #WonStablecoin #ForeignExchangeRegulation #MonetaryPolicy #FinancialIndustryStructure #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=77589Bank of Korea Governor Rhee Chang-yong stressed that won-based stablecoins must be stable and comply with FX regulations, while the central bank advances digital currency infrastructure and supports government structural reforms.
#YonhapInfomax #BankOfKorea #Stablecoin #ForeignExchangeRegulation #CentralBankDigitalCurrency #ProjectHanRiver #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=67210
Rhee Chang-yong Says 'Won-Pegged Stablecoins Must Ensure Stability and Not Circumvent FX Regulations'
Bank of Korea Governor Rhee Chang-yong stressed that won-based stablecoins must be stable and comply with FX regulations, while the central bank advances digital currency infrastructure and supports government structural reforms.
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