South Korea's central bank has established a new virtual asset department, which is expected to lead internal discussions on the won stablecoin.


according to News1, the Bank of Korea has established a new virtual asset department, which is under the Bank of Korea's Financial Payment System Bureau, and is expected to lead discussions within the Bank of Korea on the stablecoin for the Korean won. In addition, the Bank of Korea has officially renamed its digital currency research team to the Digital Currency Team, marking a shift from theoretical exploration to more active digital currency projects.