The great banking alliance war: South Korea prepares to legalize Stablecoin
South Korea is witnessing an arms race in the financial sector as the government plans to lift the ban on issuing tokens next month. Hana Financial Group has quickly taken the lead in a formidable alliance including BNK, iM, Standard Chartered, and JB Financial. Their goal is to establish a dedicated company to issue the #stablecoin pegged to the Won as soon as the legal framework is approved. This move aims to prepare for a future where digital currencies gradually replace traditional electronic documents. #anh_ba_cong
Support from the ruling Democratic Party is creating great expectations for a shift in policy that has existed since 2019. The collaboration of major banks helps to create a transparent payment ecosystem, minimizing risks from misconduct in the free market. Transactions using digital Won promise to boost the local economy and optimize the effectiveness of national monetary governance. $USDC $BTC
