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Shin Hyun-song Rejects Retail CBDC, Backs Stablecoins

Original: Governor Shin Hyun-song Rejects Retail CBDC, Backs Stablecoins

Shin Hyun-song, a governor at the Bank of Korea, has come out against a retail central bank digital currency while voicing support for stablecoins instead. His position puts him at odds with central bankers who favour direct CBDC issuance, and is drawing attention in the debate over how Korea should regulate digital payment instruments.

Why now: Central banks worldwide are weighing CBDCs against privately issued stablecoins, making a prominent governor's opposition newsworthy

Shin Hyun-songBank of KoreastablecoinsCBDC

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• Governor Shin Hyun-song Rejects Retail CBDC, Backs Stablecoins · 조선일보

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