金色财经|Oct 29, 2025 03:33
[Governor of the Bank of Korea: Introducing a Korean Won Stablecoin Hastily Could Raise Concerns Over Exchange Rate Volatility and Capital Outflows]
According to a report by Jinse Finance, Lee Chang-yong, Governor of the Bank of Korea (central bank), stated, 'If a Korean won stablecoin is introduced hastily, there will be significant concerns regarding exchange rate volatility in the foreign exchange market and issues of capital outflows.'
Governor Lee pointed out during a National Assembly Planning and Finance Committee audit, 'Many people would take Korean won stablecoins overseas, which is indeed concerning.' He emphasized, 'It is important to first conduct pilot programs centered around banks, and only expand the scope gradually after effective control over foreign exchange outflows is achieved.'
He reiterated his concerns, saying, 'From the perspective of authorities responsible for foreign exchange management, this issue is highly alarming. If a Korean won stablecoin is introduced, there is a significant possibility of bypassing foreign exchange controls.'
In response to the opinion of Ahn Doo-je, a member of the Democratic Party of Korea, who supported the introduction of a Korean won stablecoin, Governor Lee expressed a differing stance, stating, 'My view is completely different from yours.'
Additionally, he noted, 'I do not believe that introducing a Korean won stablecoin would reduce the demand for dollar stablecoins. After all, those who wish to convert their assets into dollars would still choose to use dollar stablecoins.'
He further added, 'Although the idea that dollar stablecoins will dominate the Korean won payment market is premature, their usage will undoubtedly increase significantly in the future. Therefore, further efforts are needed to improve relevant regulatory measures.'
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