BOK Doubles Down on Bank-Led Stablecoins as Deposit Token Pilots Advance
The post BOK Doubles Down on Bank-Led Stablecoins as Deposit Token Pilots Advance appeared on BitcoinEthereumNews.com. The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums. According to local reports from Digital Asset and EDaily, the central bank made the comments in materials submitted on Thursday to the National Assembly’s finance committee. Local outlets reported that the BOK called for safeguards, including priority issuance by bank-led consortiums and a statutory policy body involving relevant agencies. The latest comments reinforce the BOK’s months-long push to keep won stablecoin issuance under bank-led structures. The central bank’s stance has divided policymakers and industry groups and contributed to delays in South Korea’s digital asset bill. The BOK also said it plans to continue developing deposit-token use cases in the second half of the year, including support for government subsidy p