According to Hong Kong Radio, Bank of Korea Governor Rhee Chang-yong stated at the Asian Financial Forum in Hong Kong that, given market pressures, authorities have allowed Korean residents to invest in virtual assets issued overseas. Meanwhile, financial regulators are considering establishing a new registration system to permit domestic institutions in Korea to issue virtual assets. Rhee noted that KRW-denominated stablecoins are expected to be primarily used for cross-border transactions, while tokenized deposits are more likely to be used for domestic payments. However, he emphasized that stablecoins remain highly controversial. He expressed concerns that KRW stablecoins might be used to circumvent capital flow management measures, especially when combined with USD stablecoins, which could pose higher risks. If exchange rate fluctuations trigger market expectations, funds could quickly flow into USD stablecoins, leading to significant capital outflows. Additionally, the involvement of non-bank institutions in issuance would increase regulatory challenges. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55734