Bank of Korea Leaders Discuss Stablecoin Regulation

South Korean Bank of Korea Governor Rhee Chang-yong will meet with CEOs of major commercial banks on June 23rd to discuss regulations for won-backed stablecoins. This meeting comes amid rising political and economic interest in the digital asset landscape, where President Lee Jae-myung supports stablecoin legalization for capital retention and market growth. However, the central bank remains cautious about foreign stablecoins’ impact on monetary policy and financial stability.