Bank of Korea Urges Bank-Only Stablecoins to Prevent Money Laundering

Bank of Korea (BOK), South Korea’s central bank, is pushing for only licensed commercial banks to issue won-backed stablecoins. In a recommendation sent to lawmakers on February 23, the bank warned that allowing others to do so could increase money laundering risks, interfere with monetary policy, and threaten financial stability.  The call comes as the […] Read The Full Article Bank of Korea Urges Bank-Only Stablecoins to Prevent Money Laundering On Coin Edition.