Bank of Korea nominee backs central bank-led digital currency, sees limited role for stablecoins
By Francisco Rodrigues
Shin Huyn-song, nominee for Bank of Korea governor, supports a central bank-led digital currency (CBDC). He emphasizes the need for strict anti-money laundering (AML) and compliance controls. He also sees a limited role for stablecoins.
Not financial advice. Do your own research before making investment decisions.