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South Korea’s Central Bank Crypto is carrying forward its game in the world. Based on the reports, Bank of Korea (Bok) has created a new “Digital Currency Lab” unit under its Finanic Settlement Bureau.
The new department will monitor digital tokens, essentially and won the pegged stablecoins and related rules. At the same time, the bank is changing the name of its digital currency research laboratory at the Digital Currency Laboratory on 31 July, 2025, and is reshuffling employees to run tokens.
Crypto shape arms
The account for the report, the new division will track the price move, market trends and legal changes. It also seats existing teams in the Financial Settlement Bureau.
Employees will test how tokens work in payment and settlements. They will also study any spilver in regular bank accounts and loans. The goal is to spot quick risks and give clear advice to policy makers.
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Private StableCoin Bill Benefits Cursing
The two largest political parties in the country, after introducing the Stabeloin bill, judge the bank’s move. Each Bill will give the Financial Services Commission extensive power to the issuers to license and supervise.
MPs say it will protect consumers and promote innovations. Opponents are afraid that it may weaken the grip of bok on monetary equipment.
Based on the reports, some critics have warned that Paveate StableCoins can interface the circle freely with interest decisions.
Central Bank stopped CBDC Rollout
In late June, the book prohibited its Central Bank Digital Currency (CBDC) rollout, known as Project Han River. Governor Rai Chang, Kakinar for Yong, the deposits of banks look a lot like stabelin.
He said that “no matter what we are talking about a won stabelcoin or deposit tokens, we will need a digital currency in the future.”
The governor said that the bank is a broad private. A bank of bank will weigh a launch against the sector model. Bok first planned to focus on bank support, then considered to Fintech firms.
Tech veteran eye stabelcoin market
Some top technical firms from South Korea have filled the trademark for Won. They were waiting for MPs to give them green lights. If you pass the bill, then e. Commerce and messaging couch launch their own names.
It will create new payment channels and loyalty programs. It also moves some deposits from traditional banks, a supervisor box has given the green signal.
Deputy Governor Royu Song ‘Dye has emphasized a cautious approach. He said that the bank would roll the digital tokens in the stages starting with commercial banks. The Cryptocurrency Department will play an important role in shaping that scheme.
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