South Korea Halts CBDC Pilot as Stablecoin Policy Shifts Under New Leadership

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-06-30 03:34:01

BTCCSquare news:

South Korea's central bank has suspended preparations for the second phase of its digital won pilot, signaling a strategic reassessment amid the new administration's push for stablecoin adoption. The Bank of Korea informed participating institutions of the pause just as President Lee Jae-myung proposes lowering barriers for corporate stablecoin issuance.

The abrupt halt reflects growing institutional caution as monetary authorities balance innovation with risk management. Senior Deputy Governor Ryoo Sang-dai recently emphasized the need for bank-led stablecoin rollouts with robust safeguards—a stance at odds with the administration's vision of expanded private sector participation.

By:

Log in to Reply

Turkish Authorities Impose Stricter Crypto Regulations with Mandatory Waiting Periods

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.