South Korea
Digital Asset
BOK Governor: 'Crypto Cards Pose Regulatory Arbitrage Risk... Will Monitor Closely'
- BOK Governor Hyun Song Shin addressed crypto card risks during National Assembly questioning on October 12.
- DPK Rep. Kim Nam-jun raised concerns that crypto cards could be used to circumvent financial regulations.
- Shin noted the risk stems from crypto card issuers being based overseas and relying mainly on dollar-pegged stablecoins, pledging close monitoring.