South Korea Releases Roadmap for Korean Won Internationalization, Plans to Establish Legal Framework for Korean Won Stablecoin Issuance and Circulation

Odaily Planet Daily News: The South Korean government has released the "Roadmap for Korean Won Internationalization," aiming to promote the transformation of the Korean Won from a regulated currency to a freely convertible one. The roadmap was jointly formulated by the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository. The Bank of Korea also plans to advance a pilot project for the tokenization of treasury bonds linked to the institutional version of the Central Bank Digital Currency (CBDC). Additionally, South Korea will participate in Project Agora, an international payment project led by the Bank for International Settlements (BIS). (coinpost)