South Korea reportedly halts digital won project as focus shifts to stablecoins

2025-06-30 09:06:31

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The Bank of Korea (BOK) has reportedly temporarily paused the second phase of its central bank digital currency (CBDC) pilot, amid rising interest in won-based stablecoins from both the National Assembly and the private sector. As reported by Bloomberg , the Bank of Korea told the participating banks that it has decided to pause talks on the initiative for now. The central bank initially planned to launch the second phase in the fourth quarter of 2025, but as the momentum around the legal framew...

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