Editor's PiCK
"Issuance of Korean Won Stablecoin via Regulatory Sandbox"
Son Min
Summary
- "It was reported that the National Planning Committee and the financial authorities are discussing ways to issue a Korean won stablecoin through a regulatory sandbox."
- "A senior government official highlighted the urgency of the matter and stated that there are discussions about launching the project after a review if a consortium participates."
- "The regulatory sandbox is a system that temporarily suspends or exempts regulations for new technologies for a specified period."
It has been revealed that the National Planning Committee and the financial authorities are discussing ways to issue a Korean won-backed stablecoin through a regulatory sandbox.
According to industry sources on the 9th (local time), a senior government official reportedly stated, "Since the Korean won stablecoin is an urgent matter, it will proceed through the regulatory sandbox. If a consortium joins, discussions within the National Planning Committee are considering launching it after a review."
Meanwhile, the regulatory sandbox is a system that temporarily exempts or suspends regulations for a certain period for new technologies that are difficult to launch due to insufficient related regulations.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
