12-6-2025 – The governor of South Korea’s central bank, Lee Chang-yong, has revealed plans to forge a robust regulatory framework for stablecoins. Working in tandem with key agencies, the initiative seeks to fortify the stability and functionality of these digital assets while thwarting their misuse in bypassing foreign exchange restrictions. Lee underscored the dual nature of stablecoins, noting their role as catalysts for fintech innovation, yet cautioned that their potential to act as alternatives to traditional currency has sparked pressing regulatory scrutiny.
Further cementing South Korea’s commitment to shaping the future of global finance, Lee disclosed the Bank of Korea’s involvement in the Bank for International Settlements’ Agorá project. This pioneering public-private collaboration is dedicated to exploring tokenized bank deposits and institutional central bank digital currencies (CBDCs). By fostering a seamless global digital financial ecosystem, the initiative aims to slash the costs associated with cross-border payments, heralding a new era of efficiency in international transactions.
