Shin Hyun-Song: “Absolutely Will Not Push for Universal CBDC… Supports Stablecoins”
3 Articles
3 Articles
During a parliamentary audit, Bank of Korea Governor Shin Hyun-song expressed his determination to completely reject the introduction of a general-purpose CBDC and instead focus on Project Hangang, a digital currency system centered on inter-agency transactions. He also endorsed the introduction of a private bank-led Korean Won stablecoin and signaled cooperation to manage market risks.
[Digital Daily Reporter Kim Nam-gyu] Bank of Korea Governor Shin Hyun-song firmly stated that he would not pursue a general-purpose central bank digital currency (CBDC) for direct use by the general public. On the other hand, while expressing support for privately issued Korean won stablecoins, he emphasized a bank-centric issuance structure and the central bank's role of management and supervision. During the parliamentary audit of the Nationa…
Bank of Korea Governor Shin Hyun-song emphasized that he would not pursue a "Universal CBDC (Central Bank Digital Currency)," a digital currency that is supplied directly by the central bank to individuals and raises concerns regarding the infringement of personal information.
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