According to the Korea Deputy Governor of Korea Ryoo Sangdai, banks are the main exporters of Stablecoins in the country before they gradually expand to other sectors.
Yonhap News I mentioned During a press conference on Tuesday, Rio A. said Stalcoin reprimand First in commercial banks organized to ensure a safety network must be provided.
He said: “It will be advisable to initially allow Stablecoin to be released primarily through banks, which are subject to higher levels of financial organization, and gradually expand them to the non -banking sector.”
“The goal is to create a safety network, taking into account the possibility of the market or consumer damage.”
Book is still concerned about Stablecoins
However, the central bank still has some concerns about Stablecoins. Ryoo said that Stablecoin may accelerate capital flows and “convert the basic position we have preserved regarding the liberation of foreign exchange and the internationalization of the Korean.”
He added: “We also need to consider the effects of the financial sector restructuring, including the potential entry of narrow banking services.”
Korea Bank Governor Rai Chang Young He said at a press conference on June 18 Stablecoin did not oppose his headquarters, but he was still concerned about foreign exchange management of the distinctive symbol.
On June 10, the newly ruling President’s Ruling President party Lee Jay Meong Offering the basic law of digital assetsWhich would allow capital companies with a minimum $ 368,000 for Stablecoins.
CBDCS counter for stablecoins
Chosun daily I mentioned This is Rio He said During the same press conference that the central bank will continue to move forward with a The digital currency of the Central Bank As a “antibody to stablecoins.”
On March 24, government agencies, including BOK and the Financial Services and Financial Supervision Service, announced a CBDC test that will be signed on June 30.
Related to: Kaay
“However, since the government’s position in Stablecoins has not been clearly established and there is a state of great uncertainty in relation to relevant laws and policies, the timing of operating the second experimental test will be determined by consulting with banks,” Rio said.
Stablecoins graduated globally
South Korea is not the only country to consider Stablecoin options. On June 19, Bloomberg reported that a giant credit card visa Partnership with Yellow Card FinancialAfrican Stablecoin payments, to accelerate adoption throughout the continent.
An official at the Russian Finance Ministry also presented a plan for the government The development of its Stablecoin In April. The trio cooperative from the leading institutions Abu Dhabi Create Stablecoin Dirhamped In the same month.
magazine: Fatee “Chinese mint” encryption fraud, Japan diving in Stablecoins: Asia Express
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