The Bank of Korea (BOK) has proposed stringent new regulations for issuers of won-based stablecoins, suggesting they may be required to deposit their reserve assets directly at the central bank.
Read MoreThe Bank of Korea (BOK) has proposed stringent new regulations for issuers of won-based stablecoins, suggesting they may be required to deposit their reserve assets directly at the central bank.
Read MoreSouth Korean digital bank KakaoBank is "actively considering" entering the country's stablecoin market, according to CFO Kwon Tae-hoon.
Read MoreThe Bank of Korea (BOK) has announced the formation of a new Virtual Asset Division, a move aimed at enhancing its oversight of the crypto market and actively participating in the development of relevant legislation.
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