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Bank of Korea Doubles Down on Crypto: Lee Pushes for New Virtual Asset Regulatory Framework
Bank of Korea Doubles Down on Crypto: Lee Pushes for New Virtual Asset Regulatory Framework
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South Korea's central bank is making its biggest crypto move yet—launching a dedicated virtual asset team to shape the country's regulatory future.
Governor Lee Ju-yeol isn't waiting for global consensus. With this aggressive play, the BOK aims to position Korea as a leader in digital asset governance—while traditional banks scramble to keep up.
The timing couldn't be sharper. As decentralized finance protocols hit record volumes, legacy institutions are finally realizing they can't regulate what they don't understand.
One finance insider quipped: 'TradFi's playing catch-up—again—but at least this time they brought PowerPoint.'
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