TechFlow news: On January 27, according to RTHK, Lee Chang-yong, Governor of the Bank of Korea, stated at the Asian Financial Forum in Hong Kong that Korean authorities are considering establishing a new registration system to permit domestic institutions to issue virtual assets. He noted that won-denominated stablecoins would primarily be used for cross-border transactions but expressed concerns they could be exploited to circumvent capital flow management measures. Lee emphasized that regulation in the digital finance sector must be strengthened—not relaxed—and revealed that the Bank of Korea is advancing pilot projects for tokenized deposits and a wholesale central bank digital currency (CBDC).
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