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South Korea’s central bank warns that stablecoins should be rolled out slowly

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 […]