The Bank of Korea (BOK) isn’t sitting on the sidelines—it’s diving into crypto headfirst. Reports confirm the central bank has established a new virtual asset division to track market trends and shape future legislation.
This team, embedded within the financial payment systems bureau, will take charge of discussions around Korean won stablecoins. In another strategic move, the BOK rebranded its research unit to the “Digital Currency Team,” signaling a pivot from theory to action.
South Korea’s stablecoin momentum surged after the US backed dollar-pegged stablecoins under Trump. Now, President Lee Jae Myung is pushing for a local stablecoin market to keep capital within the country—and a new regulatory bill is already in motion.
Banks and payment giants aren’t wasting time either, snapping up trademarks for stablecoin projects. The race is on.
