The Central Bank of South Korea will allegedly launch a virtual asset committee to monitor the Crypto market and will rename its Central Bank Digital Currency (CBDC) team again for active exploitation digital currency.
A Bank of Korea official said that his virtual asset team would also respond to “Stabecrimons and Virtual Assets related discussions”, and “Cooking with the government” cooked “” “wearing legislative process, Yonhap News said on Tuesday.
South Korea’s banks are negotiating stabechines being judged in the country’s currency, the Von, and the proposed Stabelcoin law was being introduced by the legalists, MPs reportedly had primary driver that the new team was the primary driver.
Crypto is popular among the South Korean people, and last month the country took forward the region by choosing Lee Ja Mayung, as he escaped in an Aloe and Crypto Exchange-Fund Fund as President Afo.
CBDC Research Team renamed
The Central Bank’s Digital Currency Research Team, which is researching CBDC-based projects, was reconsidered into the “Digital Currency Team”.
A book official said that the name change was to highlight that the team is a practical business department, which is searching for a digital currency initiative instead of focusing only theoretical research.
The name of two other teams has also been changed, now the man of the digital current currency technology team, the responsibility for the digital currency-set residence and investigation, and the digital currency infrastructure team, a digital voucher management platform based on the deposit tokens has been assigned to work with a digital voucher management platform to re-prepare a digital voucher management platform and make a platform for testing.
CBDC test was postponed, but may return soon
Bank of Korea postponed its CBDC test on 29 June, as the country’s government broadcast support for local currency Stabelin and banks expressed concern over the cost of participating.
The retail CBDC test was first announced in November 2023, and its latest phase was to run from 1 April to 30 June.
Saeed Digital Currency Team, an official of a central bank, will continue with CBDC-dharma projects and will tell about a test a test a test a test for the tests a test.
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Bank of Korea Governor Lee Chang-Jong also emphasized the experience that South Korea needs a “digital currency in future” regardless of its appearance.
Korean banks want stabechoin on CBDC
Eight major South Korean banks announced plans to launch a stabechoin for the country’s living currency in the end of 2025 in June or early 2026.
Meanwhile, Bank of Korean deputy governor Royu Sangdai has supported the primary issue of Stabelines in the country before rural for other presence for banks.
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