South Korea's central bank will actively participate in the formulation of stablecoin regulations to prevent monetary and financial stability risks

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PANews
04-21
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PANews reports on April 21 that the Bank of Korea will actively participate in the formulation of stablecoin regulations to prevent monetary and financial stability risks. Stablecoins may impact monetary policy and transmit crypto risks to traditional financial markets. South Korea is developing a new legal framework focusing on stablecoin regulation and crypto service transparency. Meanwhile, the Bank of Korea is also testing its Central Bank Digital Currency (CBDC), planning to conduct the second phase of trials in October.

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