Bank of Korea’s new chief vows to push CBDC, deposit tokens; leaves out stablecoins
The Block
New Bank of Korea governor Shin Hyun-song prioritizes CBDCs and deposit tokens while excluding stablecoins from his inaugural policy speech.Summary
In his inaugural speech, new Bank of Korea governor Shin Hyun-song announced a strategic shift toward central bank digital currency (CBDC) and deposit tokens. Emphasizing the modernization of payment systems, Shin highlighted projects like Project Hangang and Project Agora to enhance the global standing of the Korean won. Notably, he omitted mention of stablecoins despite their role in domestic digital asset discussions, signaling a potential policy refocus by the central bank.
(Source：The Block)