Bank of Korea Reiterates Bank-Led Consortium Priority for Won Stablecoin Issuance on July 9

According to the Bank of Korea's official report to the National Assembly on July 9, the central bank reaffirmed that establishing safeguards such as bank-led consortium priority issuance and creating a statutory inter-agency policy body are essential when drafting won stablecoin legislation. The bank also emphasized that stablecoin adoption must consider macroeconomic impacts on monetary and foreign exchange policy, as well as financial stability risks, including potential circumvention of foreign exchange control frameworks. Separately, the central bank plans to continue commercializing deposit tokens, supporting subsidy disbursement in the second half of 2026 and expanding use cases while simplifying enrollment procedures.
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