South Korea Central Bank will not oppose Stablecoin: Report star-news.press/wp

According to South Korea, the head of the Central Bank in Korea is not against the country that leads the winner of Station, but it is still concerned about the foreign exchange management of the distinctive symbol.

Reuters I mentioned On Wednesday, Korea Governor Rai Chang Young said at a press conference: “The Stablecoin version, which takes its victory, can facilitate its exchange with Stablecoin in dollars instead of working to reduce the use of Stablecoin in dollars.”

This, in turn, may increase the demand for stablecoin in dollars and make it difficult for us to manage Forex. “

Rhee’s comment comes at a time when the newly elected South Korean president, Lee Jay Meong, is advancing to the organization of encryption as he promised during his campaign and the Forex reserves in the country.

At the end of December, the Bank of Korea had a $ 415.6 billion Forex reserves, which decreased to $ 404.6 billion at the end of May, a decrease of $ 11 billion in six months, According to To data from Korea Bank.

A friendly organizational environment

On June 10, the Ruling Democratic Party offered to me the basic law of digital assets, which will allow companies with minimum stock capital of $ 368,000 with Stablecoins.

Companies will need to maintain sufficient reserves to ensure the recovered amounts, and will need approval from the country’s financial organizer, the Financial Services Committee.

Related to: Kaay

FSC is investigating the local South Korean exchanges on its transaction fees, which is also part of the Lee promise to reduce the costs of transactions to encourage young merchants.

Unnecessary stablecoin

The US dollar -backed symbols dominate the Stablecoin space, where the largest (USDT) is connected to the market value of 156 billion dollarsFollowed by Circle (USDC) with market capitalization 61 billion dollarsAccording to Dolama.

However, Stablecoin in Serkel Circle, Euro, is gaining strength with a decrease in the market value to this 203 million dollarsAn increase of 156 % over the beginning of the year.

The share of Sirkal witnessed great gains on Wednesday after lawmakers in the United States indicated that they would agree to the Stable-RGUULATIONA genius law in the House of Representatives.

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