Bank of Korea Establishes New Virtual Asset Division, Expected to Lead Internal Discussions on KRW Stablecoin

According to a report by News1 cited by Jinse Finance, the Bank of Korea has established a new virtual assets department under its Financial Payment Systems Bureau, which is expected to lead internal discussions on a Korean won stablecoin. 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 a more proactive approach toward digital currency projects.