On Monday, Rhee Chang-yong, the Governor of the Bank of Korea, expressed reservations about the introduction of a won stablecoin into the local market. According to him, the digital currency could potentially undermine the capital control measures that are currently in force.
Rhee made these remarks during an event organized by the nation’s central bank in Seoul. His concerns highlight the cautious approach that regulators worldwide are taking towards the rapidly evolving digital currency landscape.
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