The Central Bank of South Korea intensifies its game in the world of cryptography. Depending on the reports, the Korean Bank (BOK) has created a new “digital currency” unit as part of its financial settlement office.
The new department will keep an eye on digital tokens, especially stable and related rules. At the same time, the bank renamed its digital currency research laboratory at Digital Currency Lab on July 31, 2025 and by mixing personnel to carry out token tests.
The arms of crypto active ingredients takes shape
According to reports, the new division The price movements, market trends and legal changes will follow. It is located alongside the existing teams of the Bureau of Financial Regulations.
Staff members will test the functioning of tokens in payments and regulations. They will also study any overflow on regular bank accounts and loans. The objective is to identify the risks early and offer clear advice to political decision -makers.
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Private invoices of the ecuponne are gaining ground
The bank’s decision comes only a few hours after the country’s two largest political parties introduced bills on stables. Each bill would give the Financial Services Commission a broad license power and supervise issuers.
Legislators say it will protect consumers and stimulate innovation. Opponents fear that this can weaken the grip of BOK on monetary tools.
Based on reportsSome criticisms warn that the leash of private stables circulating freely could interfere with interest decisions.
The central bank break CBDC deploys
At the end of June, the BOK paused on its deployment of the Central Bank digital currency (CBDC), known as Project Han River. According to Governor Rhee Chang – Yong, banks deposit tokens are very similar to stablecoins.
He said that “it doesn’t matter if we are talking about stablecoin won or a deposit token, we will need a digital currency in the future.”
The governor added that the bank would weigh a launch led by the bank against a wider private sector model. The BOK first plans to focus on bank support, then to consider opening up to Fintech companies.
Technology giant stable market
Some of the best technological companies in South Korea have already deposited brands for won coins. They seem to wait for the legislators to give them the green light. If invoices pass, big names in electronic commerce and messaging could launch their own tokens.
This would create new payment channels and loyalty programs. This could also move certain traditional banks deposits, a concern that BOK has reported.
Vice -Governor Ryoo Blood – Dai underlined a cautious approach. He said the bank will unroll digital tokens in stages, starting with commercial banks. The Crypto-Monnaies department will play a key role in developing this plan.
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