logo

Analysis: South Korea's Korean Won Stablecoin Faces Uncertainty Due to Onshore Policy Restrictions

By: theblockbeats.news|2025/08/14 05:52:04

BlockBeats News, August 14th: The Bank of Korea has abandoned its central bank digital currency pilot and shifted to stablecoins issued by the private sector, triggering accelerated efforts by fintech companies and banks. KakaoBank is considering entering the issuance and custody business, while Upbit and Naver Pay are collaborating to develop payment-type tokens to narrow the local and global crypto price gap. However, due to longstanding restrictions on "onshore" Korean won transactions, overseas institutions cannot directly exchange Korean won abroad. Korean won stablecoins can only be used for KYC addresses connected to Korea, hindering cross-border settlement.

Analysts believe that this token lacks a payment efficiency advantage in the local instant and free transfer system, with its main application likely limited to domestic scenarios. (CoinDesk)

Bitcoin y las altcoins en una encrucijada: ¿nuevos máximos o corrección entrante?
WEEX causa sensación en BlockchainRIO 2025

También te puede interesar

Compartir
copy

Ganadores

Últimas noticias sobre criptomonedas

17:49

Trump Says Fed Chair Should Cut Interest Rates, Reiterates Criticism of Powell

17:25

In the past 24 hours, the entire network liquidated $376 million, with the majority coming from the largest short position

17:23

The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 87.2%.

17:21

Trump: Will Announce New Fed Chair in Early Next Year

17:19

Coinbase International Site to Launch DASH Perpetual Contract Trading

Leer más
Comunitario
icon
icon
icon
icon
icon
icon
icon

Atención al cliente@weikecs

Cooperación empresarial@weikecs

Trading cuantitativo y MM[email protected]

Programa VIP[email protected]