South Korea’s Central Bank Advocates Gradual Stablecoin Rollout, Prioritizing Banks
Bank of Korea Governor Ryoo Sangdai emphasized a cautious approach to stablecoin issuance, stating that banks should lead the process. The central bank's stance reflects growing regulatory scrutiny over digital assets in South Korea.
Stablecoins remain a focal point for global regulators seeking to balance innovation with financial stability. South Korea's position aligns with broader trends of institutional involvement in cryptocurrency markets.