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candidate_metadata: candidate_id: “JC26Q1A0839” title: “Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address” source_name: “CoinDesk” source_domain: “coindesk.com” url: “https://coindesk.com/policy/2026/04/21/bank-of-korea-s-new-governor-signals-cbdc-and-bank-token-push-skips-stablecoins-in-key-address” canonical_url: “https://coindesk.com/policy/2026/04/21/bank-of-korea-s-new-governor-signals-cbdc-and-bank-token-push-skips-stablecoins-in-key-address” published: “2026-04-21T00:00:00+09:00” collected: “2026-08-28T04:36:31+00:00” query: “tokenized deposits bank-issued digital money” snippet: “Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address CoinDesk” candidate_id: “JC26Q1A0839” title: “Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address” source_url: “https://coindesk.com/policy/2026/04/21/bank-of-korea-s-new-governor-signals-cbdc-and-bank-token-push-skips-stablecoins-in-key-address” canonical_url: “https://coindesk.com/policy/2026/04/21/bank-of-korea-s-new-governor-signals-cbdc-and-bank-token-push-skips-stablecoins-in-key-address” source_domain: “coindesk.com” source_type: “article” author: “Not stated” published: “2026-04-21” collected: “2026-08-28” original_language: “english” registered_by: “hermes” registered_at: “2026-08-28T04:36:31Z” collector_note: “스테이블코인의 국내외 법·규제·AML/FIU 통제, 발행 및 준비자산 구조, 결제·송금·정산 인프라, 은행·핀테크 상용화 사례와 사업 기회를 장기 추적한다. 가격·투자성 동향은 정책 또는 인프라 영향이 명확한 경우에만 포함한다.”
Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address
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Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address
The BOK will increase scrutiny of crypto markets and non-bank finance, and will also modernize currency markets for 24-hour foreign exchange trading, he said.
- Bank of Korea’s new governor Shin Hyun-song prioritized a CBDC and bank-issued deposit tokens in a key address, centering them in Korea’s digital money strategy.
- He omitted stablecoins from his remarks during the Digital Asset Basic Act debate, despite previously supporting a limited, competitive role.
- The BOK will increase scrutiny of crypto markets and non-bank finance, and will also modernize currency markets for 24-hour foreign exchange trading, he said.
Bank of Korea Governor Shin Hyun-song used his first address in office to prioritize central bank digital currencies (CBDCs) and bank-issued deposit tokens, while leaving out any mention of stablecoins as South Korea weighs new crypto rules.
Shin, who began his four-year term Tuesday, pointed to the bank’s ongoing retail CBDC and deposit-token pilot, Project Hangang, and its role in Project Agorá, a cross-border tokenization effort led by the Bank for International Settlements, according to news outlet Chosun.
He framed digital currency as part of a broader shift in central banking during a period of economic strain and slower domestic growth.
The absence of stablecoins from his remarks stood out. The issue has dominated policy debate in Seoul, with lawmakers considering the Digital Asset Basic Act, which would set rules for stablecoin issuance.
Shin had told lawmakers at his confirmation hearing that stablecoins could coexist with CBDCs and deposit tokens in a “supplementary and competitive” manner.
His speech also outlined a bank-led model where the central bank would issue a CBDC, while commercial banks would provide deposit tokens fully convertible into it. Shin has argued that any stablecoin issuance should begin with regulated banks.
Beyond payments, Shin signaled closer scrutiny of crypto markets and non-bank finance. He said the central bank would expand monitoring of cryptocurrencies and other nontraditional assets, and seek broader access to data to track financial risks.
Shin also pledged steps to modernize currency markets, including 24-hour foreign exchange trading and an offshore won settlement system.
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