South Korea
Digital Asset
Bank of Korea: "Agreed with Government on Bank-Led Issuance of Won Stablecoins via '50%+1' Structure"
- BOK and the government agreed that won stablecoins will initially be issued via bank-led consortiums, with banks holding a '50%+1' equity stake.
- At the October 12 National Assembly Fiscal and Economic Planning Committee audit, BOK Governor Hyun Song Shin said he 'basically supports' stablecoin issuance.
- Lawmaker Lim Yi-ja (People Power Party) pressed Shin on whether issuance would be fully open or restricted to banks/bank-led consortiums; Shin began to answer 'for now, as agreed...' before the quote was cut off in the report.