South Korea
Digital Asset
BOK Governor Hyun Song Shin: "Stablecoins Should Be Handled by Private Companies"
- BOK Governor Hyun Song Shin said stablecoins should be developed and operated by private companies, not the central bank.
- He distinguished private-sector stablecoins from the BOK-led Project Han River, which involves deposit tokens and an institutional (wholesale) CBDC.
- The remarks came on October 12 at a National Assembly Strategy and Finance Committee audit of the BOK, in response to a question from independent lawmaker Lee Jun-seok.