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The Central Bank of South Korea has established a virtual asset department to lead internal discussions regarding the Korean won stablecoin.
According to Foresight News and reported by News1, the Central Bank of Korea has established a new virtual asset department, which falls under the Financial Payment Systems Bureau of the Central Bank of Korea. It is expected to lead discussions within the Central Bank regarding the Korean won stablecoin. In addition, the Central Bank of Korea has officially renamed its digital currency research team to the digital currency team, marking a shift from theoretical exploration to more proactive digital currency projects.