Bank of Korea Don Form Virtual Asset Team, Don Set Stablecoin Rules
Bank of Korea don rearrange dia Digital Currency Research Office come Digital Currency Office and dem establish new Virtual Asset Unit to better control crypto and form wetin concern stablecoin regulation. The Digital Currency Office get Research & Privacy Team plus Technology & Infrastructure Team wey dey work on deposit-token voucher platforms and blockchain testing. The Virtual Asset Unit go dey monitor local digital assets, blend with regulators, and dey guide how dem go issue won-based stablecoin. Bank of Korea move from just research to proper implementation dey show say stablecoin rules go clear wella for traders and institutions. Market people suppose watch any new guidelines wey fit make stablecoin issuance, trade volume, and institutional involvement sharp well.
Bullish
Bank of Korea don create one Virtual Asset Unit wey dem dedicate and dem rearrange dia Digital Currency Office to give clear regulation and active policy enforcement for stablecoin issuance. For short time, clear guideline fit boost trader confidence and increase stablecoin trading volumes. For long time, strong oversight and technical development platform fit attract institutional participation and make crypto market more liquid and stable. Past history show say central bank involvement dey often support market growth, so this news good for stablecoin projects and related trading activities.