Bank Control Favored by BOK

[madmax]

The Bank of Korea wants banks to hold at least 51% ownership in stablecoin issuers, citing AML oversight and financial stability. Regulators remain divided on allowing tech firms to lead issuance

[Rimon Khan]

BOK giving preference to banks hints at a more centralized approach.

[Nahid Hossen]

This might slow crypto expansion but increase regulatory oversight.