South Korea’s CBDC Freeze: Bank of Korea Hits Pause as Stablecoin Legislation Surges Forward

South Korea's central bank slams the brakes on its digital currency ambitions—just as the government turbocharges stablecoin regulation. A classic case of bureaucratic whiplash in the race for crypto relevance.

While the Bank of Korea quietly shelves its CBDC pilot, lawmakers are scrambling to tame the wild west of private stablecoins. Because nothing says 'financial innovation' like competing government departments moving at different speeds.

Here's the kicker: this regulatory tango comes as global CBDC projects face mounting skepticism. Maybe Seoul's bankers finally read the room—or just realized their spreadsheets couldn't compete with decentralized finance's 24/7 hustle.

One thing's certain: when traditional finance and crypto collide, the paperwork always arrives fashionably late to the revolution.