Bank of Korea Governor Shin Hyun-song Highlights CBDCs in First Policy Address
The remarks did not mention stablecoins, even as South Korea’s regulated stablecoin market and related legislative discussions continue.
Summary
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Terms & Concepts
CBDC: A central bank digital currency, or digital form of sovereign money issued and backed by a central bank.
Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency such as the South Korean won or U.S. dollar.