Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address

What Happened

Bank of Korea's new Governor Shin Hyun-song prioritized central bank digital currencies and bank-issued deposit tokens in his first address, notably omitting stablecoins. He emphasized ongoing Project Hangang retail CBDC pilot and Project Agorá cross-border tokenization efforts. Shin proposed a bank-led model where central banks issue CBDCs while commercial banks provide convertible deposit tokens, signaling stricter cryptocurrency market monitoring.

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