The Bank of Korea is still wary of its victory, despite the meeting of the circle star-news.press/wp
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Tim Alper
author
Tim Alper
Involve
Korea Bank, the central bank in South Korea, is still lukewarm suggestions for the launch of Stablecoin, despite a recent meeting with Coin Coin (USDC).
South Korean media News She stated that the executives of the department did not reveal his name holding recent meetings with officials from the Korea Bank and legislators from the National Assembly.
According to the “exchange of opinions” on Stablecoins in private meetings. Media sources in the media said that it was not freedom to reveal the “main agenda or topics discussed” in the talks.
Korea Bank: Stablecoin doubts
The perpetrator added that the CEO of the department is also scheduled to take great numbers from the Financial Services Committee (FSC). The latter is the best financial organizer in the country.
With a new government now developing its own financial policies in South Korea after the election of June 3, active discussions are now being held on Stablecoins, with “global companies that pay close attention”.
President Lee Jay Meong pledged to launch the KRW-PEGID currency for use in business and international trade.
But since the USDT and USDC trading boom on South Korean stock exchanges, some seem to believe that Seoul should allow financial institutions to use coins in the US dollar in settlements.
On June 10 /
The bill, which has been renewed, contains several sentences related to the adoption of Stablecoin. The National Assembly held a general briefing session on legislation on June 17.
Governor cases warning
A local coding official who has not named his name told NewsWay:
“Global encryption companies closely see the events in South Korea. It seems that the department creates contacts with the National Assembly and the financial organizers because they want to participate in the local market.”
The source saw that the Krw Stablecoin version was “still far by”, adding: “We are still in the stage of opinion.”
but Kukmin Ilbo Korea’s governor of Korea Lee Zhang Young still seems skeptical about the plans of Steplkwin for the government of Lee Jay Meong.
BOK president said he does not oppose the “Stablecoin victory”. However, the ruler expressed his concern that this currency can increase the demand for the fixed dollar.
The ruler explained:
“I think that is essentially necessary Stablecoins, and I am not against its release. (But) If Stablecoins is winning, it will be easier to exchange it against the Stablecoins dollar. This will increase the demand for the Stablecoins dollar. This will make it difficult (for us) to manage foreign exchange operations.”
Lee Chang-Yong also saw that Stablecoin may also harm the commercial bank’s profitability. He concluded:
“Once the Ministry of Strategy and Finance, the Financial Services Committee, and other relevant ministries (have reached a consensus), we plan to control policies by holding consultations between the ministry.”
USDT folders climbing
USDT trading volumes continue to rise on encryption platforms in South Korea. On June 18, 24 -hour Tether size reached 96,609,745 dollars, which represents approximately 14 % of all trading on the platform.
This shape is almost doubled by Bitcoin (BTC) (49,556,659 dollars). The so-called Kimchi coin with Arms Project related to Stableco-including Stormx, FANC and Mev-are also witnessing continuous growth.
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2025-06-18 23:30:00
