Bank of Korea defends bank-first stablecoin plan amid bill deadlock

cryptonews07-10

The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation remains ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2650976922?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-10 00:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2650976922","market":"us","top_or_hot":-1,"title":"Bank of Korea defends bank-first stablecoin plan amid bill deadlock","media":"cryptonews","content":"<div>\n<p>The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation remains ...</p>\n\n<a href=\"https://crypto.news/bank-of-korea-defends-bank-first-stablecoin-plan/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of Korea defends bank-first stablecoin plan amid bill deadlock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of Korea defends bank-first stablecoin plan amid bill deadlock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-10 00:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bank-of-korea-defends-bank-first-stablecoin-plan/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation remains ...</p>\n\n<a href=\"https://crypto.news/bank-of-korea-defends-bank-first-stablecoin-plan/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://crypto.news/bank-of-korea-defends-bank-first-stablecoin-plan/","article_id":"2650976922","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bank-of-korea-defends-bank-first-stablecoin-plan/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2650976922","pubTimestamp":1783615166,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation remains stalled.Bank of Korea has reaffirmed support for bank-led issuance of won-backed stablecoins.Disagreements over stablecoin rules continue to delay South Korea’s Digital Asset Basic Act.According to local reports from Digital Asset and EDaily, the Bank of Korea  restated its position in documents submitted on Thursday to the National Assembly’s finance committee.Alongside its stablecoin recommendations, the BOK said it will continue expanding practical uses for deposit tokens during the second half of the year. According to the materials submitted to lawmakers, planned applications include government subsidy payments, public vouchers, electric vehicle charging infrastructure, and additional real-world payment services available to the general public. Deposit tokens are blockchain-based digit","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4600":"加密货币概念","BK4585":"ETF&股票定投概念","WGMI":"比特币矿商ETF-CoinShares","BK4547":"WSB热门概念","BITQ":"Bitwise Crypto Industry Innovators ETF","IMRA":"MARA期权收益策略ETF-Bitwise","MAAY":"GraniteShares YieldBOOST MARA ETF","BK4516":"特朗普概念","BK4023":"应用软件","MARO":"MARA期权收益策略ETF-YieldMax","MNRS":"GRAYSCALE BITCOIN MINERS ETF","BK4596":"哈里斯概念","BK4595":"比特币概念","MARA":"MARA Holdings","MRAL":"2倍做多MARA ETF-GraniteShares"},"translate_title":"韩国央行在法案僵局中捍卫银行优先的稳定币计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MARO":0.6,"MRAL":0.6,"IMRA":0.6,"WGMI":0.6,"MNRS":0.6,"BITQ":0.6,"MAAY":0.6,"MARA":1.84},"content_text":"The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation remains stalled.\n\n\nSummary\n\n\n\nBank of Korea has reaffirmed support for bank-led issuance of won-backed stablecoins.\nThe central bank plans to expand deposit-token pilots for public payments and services.\nDisagreements over stablecoin rules continue to delay South Korea’s Digital Asset Basic Act.\n\n\n\nAccording to local reports from Digital Asset and EDaily, the Bank of Korea (BOK) restated its position in documents submitted on Thursday to the National Assembly’s finance committee. \nThe central bank argued that bank-led consortiums should receive priority when issuing won-backed stablecoins and also proposed creating a statutory policy body that would bring together financial regulators and other relevant government agencies to oversee the sector.\nThe latest submission continues a policy position the BOK has maintained for months as lawmakers work on South Korea’s Digital Asset Basic Act. The central bank has consistently argued that banks should retain a leading role in stablecoin issuance, saying existing banking oversight provides a stronger foundation for financial stability and consumer protection.\nDeposit-token development remains on the agenda\nAlongside its stablecoin recommendations, the BOK said it will continue expanding practical uses for deposit tokens during the second half of the year. According to the materials submitted to lawmakers, planned applications include government subsidy payments, public vouchers, electric vehicle charging infrastructure, and additional real-world payment services available to the general public. Deposit tokens are blockchain-based digital representations of commercial bank deposits.\nThe latest update follows earlier policy steps taken this year. In April, BOK Governor Hyun-Song Shin used his first public address to express support for both deposit tokens and central bank digital currencies (CBDCs).\nDuring the same month, South Korea’s Ministry of Economy and Finance announced a pilot program that would use tokenized bank deposits for government operational spending, signaling continued institutional support for tokenized payment infrastructure.\nLegislative disagreements continue to delay reforms\nEven as development of deposit-token projects moves ahead, disagreement over stablecoin issuance remains one of the biggest obstacles facing South Korea’s digital asset legislation.\nThe BOK’s preference for bank-controlled issuers has divided policymakers, financial institutions, and parts of the digital asset industry. According to local reports, lawmakers have yet to reach agreement on whether stablecoins should be issued only through bank-led entities or whether non-bank companies should also be allowed to participate under the new framework.\nThe dispute extends beyond stablecoins. Members of the National Assembly are also considering how tokenized real-world assets (RWAs) and other digital assets should fit within South Korea’s existing financial regulations.\nIn April, the ruling Democratic Party proposed regulating both stablecoins and RWAs under current financial laws, but key questions surrounding issuer eligibility remained unresolved.\nAs legislative discussions continue, the government’s original timetable has slipped considerably. Earlier this year, the government told President Lee Jae-myung that it was targeting the first quarter of 2026 for the Digital Asset Basic Act.\nAccording to local reports, that schedule has since been delayed by disruptions linked to the U.S.-Israeli war with Iran that began in late February, local elections, and the time required to reorganize committee structures within the National Assembly.\nWith the latest submission to lawmakers, the Bank of Korea has again made clear that it sees bank-led issuance and coordinated regulatory oversight as essential safeguards before won-backed stablecoins can enter wider circulation, while the broader legislative debate remains unresolved.\n\n\n\n\n\n                Read more:\n            \n\n                MARA bets big on Texas AI hub as shares outperform crypto peers","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2650976922","isCrawlerRequest":true}