crypto news

The new coding unit unit of Korea from research to the list star-news.press/wp

Trusted editorial The content, which was reviewed by leading industry experts and experienced editors. AD disclosure

The central bank in South Korea ascends its game in the world of encryption. Based on reports, Korea Bank (BOK) created a new unit “Digital Currency Lab” under the Financial Settlement Office.

The new section will monitor digital symbols, especially beige Stablecoins The relevant rules. At the same time, the bank renames the digital currency research laboratory to the digital currency laboratory on July 31, 2025, and mixes employees to run the distinguished code tests.

The arm of the encryption assets is formed

According to reports, New section You will track price movements, market trends and legal transformations. Sitting along with the current teams in the Financial Settlement Office.

Employees will test how symbols work in payments and settlements. They will also study any indirectly in regular bank accounts and lending. The goal is to detect risks early and provide clear advice for policy makers.

Source: VTT Studio/Adobe

Special stablecoin bills earn traction

The bank’s move comes a few hours after presenting the two largest political parties in the country. Each bill will be granted the Financial Services Committee a broad authority to license and supervise exporters.

Legionships say this will protect consumers and enhance innovation. Opponents fear that Bok’s grip will weaken the cash tools.

based on ReportsSome critics warn that allowing private stablecoins may interfere freely with interest decisions.

The total maximum Crypto market is currently at $ 3.79 trillion. table: Tradingvief

The central bank stops the start of CBDC

In late June, BOK stopped the start of the Central Bank of the Central Bank (CBDC), known as the Project Han River. According to Governor Rhee Chang -Lyong, bank deposits like stablecoins look a lot.

He said, “Regardless of whether we were talking about a victory or a deposit symbol, we will need a digital currency in the future.”

The governor added that the bank will absolutely lead the bank against a broader model for the private future. BOK plans to focus on banking support first, then consider openness to Fintech companies.

Eye Stablecoin Technology Market

Some of the best technology companies in South Korea have already provided trademarks about the coins they won. They seem to wait for legislators to give them green light. If the bills pass, the big names in e -commerce and theses can release their symbols.

It creates new payment channels and loyalty programs. Some deposits can also be transformed from traditional banks, and it is concerned about placing a Book mark.

Deputy Governor Rio Sang Day emphasized a cautious approach. He said that the bank will put digital symbols in stages, starting with commercial banks. The cryptocurrency section will play a major role in forming this plan.

Distinctive image from Meta, tradingView graph

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.

https://bitcoinist.com/wp-content/uploads/2025/07/a_c05792.jpg

2025-07-31 03:30:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button