Wu Blockchain (@WuBlockchain): RTHK reported that Bank of Korea Governor Rhee Chang-yong, speaking at the Asian Financial Forum in Hong Kong, noted South Korea has allowed residents…
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RTHK reported that Bank of Korea Governor Rhee Chang-yong, speaking at the Asian Financial Forum in Hong Kong, noted South Korea has allowed residents to invest in overseas-issued virtual assets amid market pressure, while regulators are considering a new registration regime that would allow domestic institutions to issue virtual assets. He also warned a KRW-denominated stablecoin could be used to circumvent capital-flow management, and that exchange-rate swings could drive rapid shifts into USD stablecoins and large fund transfers, with non-bank issuance further complicating oversight. https://gbcode.rthk.hk/TuniS/news.rthk.hk/rthk/ch/component/k2/1841396-20260126.htm