The Bank of Korea’s push for the banking sector to lead the rollout of won-denominated stablecoins lacks logic, says Dr. Sangmin Seo, the chair of the Kaia DLT Foundation.
In a data-ct-non-breakable=”null” href=”https://www.bok.or.kr/portal/bbs/B0000232/view.do?nttId=10094188&searchCnd=1&searchKwd=&depth=201150&pageUnit=10&pageIndex=1&programType=newsData” rel=”noopener nofollow” target=”_blank”>report released on Monday, the central bank argued that banks are already subject to strict regulations, including capital, foreign exchange, and Anti-Money Laundering requirements, which could help minimize any risks associated with data-ct-non-breakable=”null” href=”https://bing.com/search?q=what%20are%20stablecoins%20%20cointelegraph&qs=n&form=QBRE&sp=-1&lq=0&pq=what%20are%20stablecoins%20%20cointelegraph%20stephen%20katte&sc=12-49&sk=&cvid=F96F0ACD398840B78EB14208B715934F” rel=”noopener nofollow” target=”_blank”>introducing stablecoins to the country.
At the same time, the BOK wants a policy consultative body jointly made up of currency, foreign exchange,…
