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Bank of Korea Governor Rejects Retail CBDC, Backs Stablecoins

Original: Bank of Korea Governor Rejects General-Purpose CBDC, Backs Stablecoins

The Governor of the Bank of Korea has come out against issuing a general-purpose central bank digital currency, while voicing support for stablecoins instead. The position puts South Korea's central bank at odds with peers pursuing retail CBDCs and aligns it with a growing push to regulate won-backed stablecoins. The remarks are drawing attention in financial and crypto policy circles.

Why now: The central bank chief's stance signals a policy shift on digital money in South Korea, a major crypto market.

Bank of KoreaSouth KoreastablecoinsCBDC

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• Bank of Korea Governor Rejects General-Purpose CBDC, Backs Stablecoins · 조선일보

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