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

By: theblockbeats.news|2025/07/30 02:32:27

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.

Viewpoint: Stablecoins possess the characteristics of a "quasi-currency," bridging the gap between a payment tool and fiat currency

Hyperliquid: Yesterday, the API server experienced an outage due to a surge in traffic, but it has now been resolved.