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Post #64774 8
🚀 Bank of Korea Advocates Bank-Led Model for Won Stablecoins

The Bank of Korea has proposed a bank-led model for issuing won stablecoins, citing media ownership laws as justification. According to NS3.AI, the central bank suggests that issuers should adhere to a rule requiring banks to hold 50% plus one share ownership. This proposal was detailed in materials submitted to Democratic Party lawmaker Park Min-gyu's office, referencing Article 8 of the Broadcasting Act and Article 18 of the Newspaper Act. However, critics argue that using media ownership laws to regulate stablecoins represents a significant logical leap.

#BankofKorea #Stablecoins #WonStablecoins #BankLedModel #MediaOwnershipLaws #NS3AI #DemocraticParty #ParkMinGyu #BroadcastingAct #NewspaperAct #Criticism
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