South Korea put the brakes on CBDC plans – here is what to know star-news.press/wp

Encryption correspondent

Shalini Nagarajan

Encryption correspondent

Shalini Nagarajan

About the author

Shalini is an encrypted correspondent that provides in -depth reports on daily developments and organizational transformations in the encrypted currency sector.

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Last update:

June 29, 2025

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South Korea has put the brakes on the digital currency test project, as it stopped preparations for the next stage, and Stablecoins takes political importance and renewed the market.

According to the Korea Bank, the participating banks reported that it would stop discussions related to the second stage of the central bank’s digital currency pilot, which was originally scheduled to start later this year.

Bok official confirmed a decision BloombergQuoting the need to re -evaluate amid a transformation priority.

Paying new president Stablecoin Push warns the central bank

This delay comes at a time when the newly elected president Lee Jay Meong focuses on the growing stablecoins. Just weeks after his post, Lee suggested expanding the field of exporters by allowing companies up to 500 million o’clock, or about 370,000 dollars, in stocks for the winning Stablecooins.

His administration indicated that Stablecoins can play a major role in the country’s digital asset map.

BOK officials seem to be careful not to move very quickly. Ryoo Sang-Dai Vice-President recently confirmed that any offer from Stablecoins should be gradual and driven by the bank, with a clear consumer protection to avoid disrupting the market.

Curds are now an essential part of the personal wealth of millions in South Korea

Meanwhile, South Korea is still one of the world’s most active encryption markets. More than a third of the population, about 18 million people, participate in the circulation of digital assets. In particularly crowded days, local encryption exchanging volumes exceeded those in traditional stock markets such as KOSPI and Kosdaq.

A recent survey in the industry found that more than half of the South Koreans between the ages of 20 and 59 have experience in the trading of encryption. Moreover, one in four currently holds digital currencies. For those investors, Crypto is now at least 14 % of their total financial portfolios. In addition, many governor retains many local exchanges.

The enthusiasm is also spilled around digital assets in the stock market. The shares of companies associated with the CBDC initiative have increased in Korea Bank in recent weeks. The value has multiplied more than the weakness in Kakao Pay, while LG CNS increased by almost 70 % before dilution slightly.