According to Digital Asset, Bank of Korea Governor Hyun Song Shin stated during a parliamentary audit meeting on October 12 that stablecoin-related businesses should be conducted by private enterprises. The Bank of Korea will not directly participate in stablecoin operations but will provide opinions on the overall order of the monetary ecosystem. He emphasized that the Bank of Korea's 'Project Hangang' is different from private stablecoins, as the project aims to tokenize the existing two-tier monetary system through institutional CBDCs and bank deposit tokens. Additionally, Hyun Song Shin mentioned that since 2023, the Bank of Korea has ceased research on retail CBDCs intended for public use. https://(wublock123.com)/news/bank-of-korea-governor-central-bank-not-directly-involved-in-stablecoins-private-sector-69891