The Bank of Korea sets up virtual assets department to lead internal discussions on the Korean won stablecoin

According to News1, the Bank of Korea has set up a new virtual asset department, which is affiliated with the Bank of Korea's Financial Payment Systems Bureau, which is expected to lead the discussion within the Bank of Korea on the Korean won stablecoin. In addition, the Bank of Korea has officially renamed its digital currency research team to the digital currency team, a change marks the institution's shift from theoretical exploration to more active digital currency projects.

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