Bank of Korea Proposes Bank-Led Stablecoins, a Move Shaping Crypto Regulation

The Bank of Korea has proposed a groundbreaking approach to stablecoins by advocating for bank-led issuance rather than relying on non-bank entities. This strategic move could reshape how we perceive digital currency and financial stability. The Bank of Korea’s white paper outlines a compelling case for this model, citing the Biden administration’s financial policy framework as inspiration. 🤯 This innovative idea directly contrasts with current U.S. regulations under the previous administration. 🇺🇸 ⚖️