Bank of Korea rules out issuing stablecoins, says private sector should operate them
- —BOK will not directly operate stablecoin businesses, leaving issuance to the private sector
- —Project Hangang combines institutional digital currency with commercial bank deposit tokens
- —No general-purpose retail CBDC has been considered in South Korea since 2023
- —BOK handles interbank settlement while commercial banks keep customer data
Why it matters: The stance shapes South Korea's pending won-stablecoin rules, favoring private issuers while bank-led consortia retain an edge.
Source: crypto.news
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