BOK Change Name for CBDC Teams, Create Crypto Committee
Bank of Korea don rearrange their CBDC research work by rename the Digital Currency Research Team to Digital Currency Team, plus dem create two new divisions: Digital Currency Technology Team and Digital Currency Infrastructure Team. Dem still set up one Virtual Asset Committee to watch crypto markets and advise stablecoin regulations as law dey go through. The central bank delay their plan for April-June 2025 retail CBDC pilot because law follow no clear and cost wahala, but them promise say dem go continue trials once law framework clear. Meanwhile, eight big Korean banks dey plan to launch won-pegged stablecoins by late 2025 or early 2026, with Deputy Governor Ryoo Sangdai supporting banks as the main issuers. Governor Lee Chang-yong talk say digital currency get important role for South Korea future financial system.
Neutral
Bank of Korea’s rebranding and the setup of Virtual Asset Committee dem show say regulator get clear plan plus institutional support for digital currencies, wey generally dey good for market confidence. The delay for retail CBDC pilot fit get small short-term effect, but the promise to resume tests plus plan wey big banks get to issue won-pegged stablecoins by 2025–2026 dey show say growth fit long term. Traders fit expect better market infrastructure and more use of stablecoins, but price movements for major cryptocurrencies no go directly affected short-term.