Bank of Korea warns of monetary policy and forex confusion from non-bank stablecoins

The Bank of Korea (BOK) Governor Lee Chang-yong has expressed concern about the issuance of won-denominated stablecoins by non-bank entities. He shared his concerns during a press conference after the BOK’s Monetary Policy Committee decided to maintain the base interest rate at 2. 50%. BOK Governor is worried about future confusion The topic of stablecoins has […] source: https://www.cryptopolitan.com/bank-of-korea-warns-of-non-bank-stablecoins/