Summary
- The Bank of Korea announced that it will strengthen monitoring of the cryptocurrency market by 2025 and actively participate in the second phase of legislative discussions on stablecoin regulation.
- The Bank of Korea stated that it will conduct market monitoring using the data submission rights specified in the Cryptocurrency User Protection Act.
- Furthermore, it announced plans to lay the groundwork for the introduction of central bank digital currency (CBDC) and conduct real transaction tests of deposit tokens.
The Bank of Korea has announced plans to strengthen its monitoring of the cryptocurrency market.
On the 25th, the Bank of Korea released a report on the '2025 Monetary and Credit Policy Direction,' stating that it will enhance the central bank's oversight role over cryptocurrency businesses and stablecoins.
Specifically, the Bank of Korea plans to conduct market monitoring through the data submission rights specified in the Cryptocurrency User Protection Act, which was implemented last July, and actively participate in the second phase of legislative discussions on stablecoin regulation.
Additionally, the Bank of Korea intends to lay the groundwork for the full-scale introduction of central bank digital currency (CBDC). It will conduct real transaction tests of institutional CBDC and deposit tokens in collaboration with the Financial Services Commission, the Financial Supervisory Service, and participating banks. Through this, it aims to establish a foundation for the general public to directly use deposit tokens and digital vouchers in everyday life.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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