The Bank of Korea Establishes New Virtual Asset Department, Expected to Lead Internal Discussions on Korean Won Stablecoin

BlockBeats News, July 30th, according to News1, the Bank of Korea has established a new virtual asset department under the Bank of Korea's Financial Payment System Office, which is expected to lead internal discussions at the Bank of Korea regarding a Korean won stablecoin. Additionally, the Bank of Korea has officially renamed its digital currency research team to the Digital Currency Team, marking a shift for the institution from theoretical exploration to a more proactive digital currency agenda.