The Central Bank of South Korea advocates intervening in the approval of the Korean won stablecoin.

ChainCatcher news, according to the Korean Herald, the Central Bank of Korea emphasized that if a stablecoin supported by the Korean won is launched, the central bank should begin to intervene from the initial approval stage. Ko Kyeong-cheol, head of the electronic finance team at the Bank of Korea, stressed at a recent financial law conference that stablecoins could have a significant impact on the central bank’s ability to implement policies related to monetary policy, financial stability, and payment settlement. He emphasized that the Bank of Korea should play a role in the approval process to minimize the potential negative impact of digital assets on the Central Bank’s policy objectives.