Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance
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The Bank of Korea reiterated its call for bank-led won stablecoin issuance while advancing deposit token pilots, as issuer rules remain a sticking point in South Korea’s digital asset bill.
The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums.
According to local reports from Digital Asset and EDaily, the central bank made the comments in materials submitted on Thursday to the National Assembly's finance committee. Local outlets reported that the BOK called for safeguards, including priority issuance by bank-led consortiums and a statutory policy body involving relevant agencies.
The latest comments reinforce the BOK's months-long push to keep won stablecoin issuance under bank-led structures. The central bank's stance has divided policymakers and industry groups and contributed to delays in South Korea's digital asset bill.
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