<ul data-eligibleForWebStory="false"><li>Bank of Korea Governor warns about the risks of allowing too many non-bank companies to issue local stablecoins, potentially causing financial system problems in South Korea.</li><li>South Korea is looking to expand the adoption of won-pegged stablecoins to promote digital payment devices, but Governor Lee emphasizes the need for careful planning.</li><li>The Bank of Korea aims to play a larger role in establishing rules for stablecoins after realizing the unique characteristics of stablecoins compared to traditional cryptocurrencies.</li><li>A new bill proposed by a lawmaker in South Korea seeks to set clear rules for stablecoins linked to the won, reflecting the government's increasing focus on regulating stablecoin issuance for financial system stability.</li></ul>

Bank of Korea Governor Warns Stablecoin Issuance May Spur Financial Chaos

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