South Korea’s central bank warns against rushed stablecoins roll out

South Korea’s central bank wants to keep a tight grip on how stablecoins enter the country’s financial system. On Tuesday, senior deputy governor Ryoo Sang-dai of the Bank of Korea (BOK) told reporters in Seoul that any rollout of won-based stablecoins must start with commercial banks only. “It is desirable to first allow banks, which […] source: https://www.cryptopolitan.com/south-korea-stablecoins-roll-out-slowly/