Bank of Korea

China turns against stablecoins; Sony preps PlayStation stable
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2 December, 2025

China turns against stablecoins; Sony preps PlayStation stable

China's central bank targets stablecoins amid regulatory challenges, while South Korea pushes for stablecoin legislation to advance digital finance.
US Bank tests Stellar stablecoin; European bankers see no use cases
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26 November, 2025

US Bank tests Stellar stablecoin; European bankers see no use cases

U.S. Bank is testing a dollar stablecoin on Stellar, while Paxos acquires Fordefi to enhance DeFi services, amid global regulatory...
Visa backs 4 stablecoins; S.Korea warns of won depeg risk
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7 November, 2025

Visa backs 4 stablecoins; S.Korea warns of won depeg risk

Visa says the stablecoins will run on four unique blockchains and will be converted to 25 different fiat currencies as...
South Korea caps digital asset lending rates at 20%
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10 September, 2025

South Korea caps digital asset lending rates at 20%

South Korea caps digital asset lending at 20% interest, banning leverage services to enhance user protection and market stability amid...
South Korea refocuses CBDC team; Indonesia ‘crypto’ tax spikes
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7 August, 2025

South Korea refocuses CBDC team; Indonesia ‘crypto’ tax spikes

Bank of Korea’s Digital Currency Team has dropped “Research” from its title to signify a practical approach amid a shift...
Ban on Kimchi bonds ends; Singapore’s new law kicks in
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4 July, 2025

Ban on Kimchi bonds ends; Singapore’s new law kicks in

South Korea banned the Kimchi bonds in 2011, but a dip in USD liquidity in the forex markets has forced...
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