X @Wu Blockchain

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 ...