01.07.2025 13:23

The Bank of Korea (BOK) has officially suspended its central bank digital currency (CBDC) project, shifting its regulatory focus towards stablecoins instead. This decision marks a significant change in the nation's digital currency strategy.

Lawmakers' prioritization of stablecoin regulation appears to be the driving force behind the BOK's altered course. The shift suggests a reevaluation of the perceived urgency and relative benefits of a CBDC compared to the perceived risks and regulatory needs surrounding stablecoins in the South Korean financial landscape.

While the BOK's CBDC initiative had been underway, it's now been placed on indefinite hold. This strategic pause reflects a broader reconsideration of digital currency priorities within the South Korean government.

Information obtained from internet sources reveals the BOK's decision was made following internal deliberations and discussions with lawmakers. The exact reasons behind the suspension remain unclear, but the emphasis on stablecoin regulation strongly suggests a reallocation of resources and regulatory efforts. Further details are expected in the coming weeks.