Bank of Korea Deputy Governor Yoo Sang-dae warned that the growing moneyness of stablecoins could significantly affect South Korea's monetary policy, financial stability, and payment systems, urging a cautious, phased approach to their adoption.
#YonhapInfomax #BankOfKorea #Stablecoin #MonetaryPolicy #FinancialStability #ProjectHanRiver #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=69075
Bank of Korea's Yoo Sang-dae Says 'Moneyness of Stablecoins Could Impact Monetary Policy and Financial Stability'

Bank of Korea Deputy Governor Yoo Sang-dae warned that the growing moneyness of stablecoins could significantly affect South Korea's monetary policy, financial stability, and payment systems, urging a cautious, phased approach to their adoption.

Yonhap Infomax
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.
#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.

Yonhap Infomax