US Edition
9 Articles
9 Articles
Urgent need to establish institutional foundations for expanding digital payments and securing monetary sovereignty Considering the impact on currency and foreign exchange, active participation of the Ministry of Strategy and Finance (foreign exchange) and the Bank of Korea (currency) is necessary [Digital Daily Reporter Park Ki-Rok] Rep. Ahn Do-Geol (Dong-gu, Nam-gu, Gwangju), a member of the National Assembly Planning and Finance Committee, an…
BOK Gov. Rhee: New Government Must Clarify Priorities for Structural Reform Tasks
Bank of Korea Governor Rhee Chang-yong speaks at a press conference on the Monetary Policy Board’s interest rate decision held at the Bank of Korea in Jung-gu, Seoul on May 29. (Joint Press Corps) Bank of Korea Governor Rhee Chang-yong has urged the new government to clarify the priorities for structural reforms to prevent the continuous decline of Korea's growth potential and build a robust economic structure. “I expect the newly launched gover…
“Seoul apartment prices up 7% annually… If interest rates are lowered significantly, concerns arise about housing prices, household loans, and exchange rates.” “Won stablecoins, measures to prevent foreign exchange market regulations from being bypassed” Bank of Korea Governor Lee Chang-yong said on the 12th, “In the current situation, stimulus measures for economic recovery are urgent.”
Urgent Stablecoin Regulation Demanded As Bank Of Korea Governor Presses Presidents
Key Takeaways: Bank of Korea Governor Lee Chang-yong will meet bank leaders to discuss stablecoin issuance and digital currency initiatives. Non-bank issuance of won-based stablecoins remains a point of contention amid concerns over monetary policy impact. Household debt trends and housing market dynamics are adding complexity to monetary policy decisions. Bank of Korea Governor Lee Chang-Yong is scheduled to attend a key dinner meeting with th…
South Korea Moves To Legalize Stablecoins Under New Bill Proposal
Key Insights: South Korea’s new bill allows local firms to issue stablecoins. Stablecoins must be fully reserve-backed to ensure financial stability. The bill paves the way for South Korea to lead global crypto regulation. South Korea has recently introduced new legislation that could significantly alter the country’s cryptocurrency market. The Digital Asset Basic Act will legalize stablecoins. Local companies will be supported in issuing their…
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
