BOK Calls For Bank-Issued Stablecoins To Prevent Market Risk

The Bank of Korea (BOK) has urged lawmakers to adopt a bank-led model for stablecoin issuance ahead of the upcoming regulatory framework, warning that Korean Won (KRW)-pegged tokens could “repeat p...

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BOK Calls For Bank-Issued Stablecoins To Prevent Market Risk

Source: Bitcoinist.com

The Bank of Korea (BOK) has urged lawmakers to adopt a bank-led model for stablecoin issuance ahead of the upcoming regulatory framework, warning that Korean Won (KRW)-pegged tokens could “repeat past monetary failures.” Related Reading: Crypto Wins Legal Status In India — High Court Calls It ‘Property’ BOK Raises Financial Stability Concerns On Monday, the […]

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