PANews reported on July 10 that according to Jinshi, South Korea’s central bank governor Lee Chang-yong said that the issuance of won-based stablecoins by non-bank institutions may cause market chaos,PANews reported on July 10 that according to Jinshi, South Korea’s central bank governor Lee Chang-yong said that the issuance of won-based stablecoins by non-bank institutions may cause market chaos,
South Korea's central bank governor: Non-bank institutions issuing won stablecoins could cause market chaos
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PANews reported on July 10 that according to Jinshi, South Korea’s central bank governor Lee Chang-yong said that the issuance of won-based stablecoins by non-bank institutions may cause market chaos, and the indiscriminate permission of won-based stablecoins may conflict with foreign exchange policy.
According to previous news, Lee Chang-yong said that it is necessary to introduce a stablecoin based on the Korean won, but it needs to be done with caution .
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