The nominee, Shin Huyn-song, supported a central bank digital currency model, emphasizing the need for strict anti-money laundering and compliance controls. Shin Huyn-song, the nominee to become governor of the Bank of Korea, is prioritizing a potential central bank digital currency and bank deposit tokens over privately issued stablecoins. Shin said he supported a bank-led issuance model, emphasizing strict anti-money laundering (AML) and compliance controls. He expressed doubt about the role…
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