South Korea's Virtual Asset Regulation Upgrades: Wonu Stablecoin Faces Central Bank Scrutiny

DeFi_Dad_Jokes · 2026-02-05T03:02:23+00:00

The Bank of Korea is studying a formal registration system for virtual assets, focusing on the potential risks that stablecoins like wonu pose to the financial system, with regulatory authorities holding differing opinions on this matter. Despite the challenges, South Korea's virtual asset market is showing signs of growth vitality, and there is an urgent need to strike a balance between market development and regulation.

DeFi_Dad_Jokes

2026-02-05 03:02:23

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The Bank of Korea is currently studying and promoting a formal registration system framework for virtual asset issuance. According to NS3.AI, the core concern of this initiative is that stablecoins based on the Korean won (wonu) may bypass existing capital control measures, posing potential risks to the financial system.

Wonu Stablecoin Sparks Regulatory Disagreement

South Korea’s financial regulators currently have clear disagreements over the rules for stablecoins. The Bank of Korea and other regulatory agencies are engaged in intense discussions regarding the admission standards and risk prevention measures for domestic stablecoins like wonu. This divergence of opinions has become more pronounced recently, mainly due to two major factors: first, the exchange rate volatility risk caused by turbulent international trade conditions; second, the uncertainties brought by cross-border capital flows.

Market Vitality and Regulatory Balance

Despite regulatory challenges, South Korea’s virtual asset market has recently shown significant growth momentum. Following the legal recognition of corporate cryptocurrency trading, local wonu stablecoin projects have emerged continuously, and market enthusiasm is high. Balancing this market development with cautious regulatory attitudes has become a core issue facing South Korea’s virtual asset industry.

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