Bank of Korea dey beg make banks lead di issue of won stablecoins to protect monetary policy

Bank of Korea (BoK) don recommend say di first wey dem go issue won‑pegged stablecoins suppose make na only regulated banks fit do am, say non‑bank issuers fit scatter monetary policy, allow capital to commot and fit create system wide risk. For reports wey dem give National Assembly Strategy and Finance Committee and for public tori, Governor Rhee Chang‑yong warn say won stablecoins fit be used to waka pass capital controls and quick convert to dollar stablecoins, wey go raise FX and financial stability risk. BoK propose structural safeguards: make bank consortium lead issuance, create statutory interagency policy body for coordinated approvals and supervision, and make expansion to non‑bank issuers phased only after safety don confirm. Lawmakers still divided on who fit issue and control am, so final stablecoin framework wey dem expect earlier don delay. Industry groups dey push back, dem talk say clearer rules fit reduce risk without banning non‑banks. For crypto traders: expect slow, bank‑centric on‑ramp options for won stablecoins, possible limits on listing non‑bank stablecoins denominated in won, and more regulatory scrutiny wey fit reduce short‑term liquidity and innovation for won‑pegged stablecoin markets. Main keywords: Bank of Korea, won stablecoin, bank‑led issuance, stablecoin regulation, capital flow risk.