Bank of Korea Demands Control Over KRW Stablecoins—Before Someone Disrupts Their Monetary Monopoly

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2025-05-12 11:48:32

Bank of Korea urges authority over won-based stablecoin issuance: report

South Korea’s central bank just drew a line in the sand—no won-pegged stablecoins without their say-so. Because apparently decentralized finance should still answer to centralized gatekeepers.

The move comes as global regulators scramble to tame the crypto wild west—though their track record suggests they’ll be about as effective as a paper firewall.

Watch this space: the first bureaucrat to say ’blockchain, not Bitcoin’ during these hearings buys the next round of kimchi.

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