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Governor of the Bank of Korea: Should Expedite Korean Won Stablecoin Legislation, Advocates Bank-Led Issuance

Source: marketin.edaily.co.kr
According to Edaily, Bank of Korea Governor Shin Hyun-song stated at a National Assembly meeting that related systems for KRW stablecoins and legislation for the "Digital Asset Basic Act" should be advanced as soon as possible, emphasizing that a competitive and complementary relationship will form between stablecoins, deposit tokens, and central bank digital currencies.

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