South Korea’s Central Bank Launches Crypto Assets Department: What Will It Focus On?

Updated

July 31, 2025

Gambar South Korea’s Central Bank Launches Crypto Assets Department: What Will It Focus On?

Jakarta, Pintu News – On July 30, 2025, the Bank of Korea (BOK) announced the establishment of the Crypto Assets Department, a major step in the supervision and regulation of digital assets by South Korea’s central bank.

The new department will focus on monitoring crypto markets, stablecoins, and related legislation, marking a new era in the management of digital finance in the country.

Check out the full information in this article!

New Department for the Digital Age

The new Crypto Asset Department will operate under the BOK’s Financial Settlement Bureau in Seoul. Its main goal is to enhance the bank’s supervision of the crypto market and prepare for regulation and innovation in digital finance.

The move also reflects growing interest in stablecoins tied to the Korean won and a change in approach to central bank digital currencies (CBDCs).

The day after the department’s launch, BOK’s Digital Currency Research Laboratory will be renamed the Digital Currency Laboratory. The lab will begin usability testing of tokenized assets, marking an important step in BOK’s exploration of new financial technologies.

Also read: 4 Altcoins that Crypto Whale Bought Ahead of July FOMC Rate Announcement

Central Bank Digital Asset Strategy

BOK Governor, Rhee Chang-yong, has previously stated that “deposit tokens are essentially stablecoins issued by banks.” This statement signals the central bank’s growing interest in private sector digital currency collaboration.

This institutional restructuring reflects BOK’s strategic shift from mere observation of the digital asset market to active participation.

The Department of Crypto Assets will coordinate with the South Korean Financial Services Commission on the regulation of stablecoins, as the popularity of digital currencies tied to the Korean won increases among major tech companies and financial institutions.

Also read: 3 Crypto that can surpass the rise of Ethereum (ETH), potentially up 15,000%!

Political and Regulatory Context

The launch of the department coincides with the South Korean National Assembly’s consideration of a new stablecoin regulatory framework. Both major political parties have proposed a new draft stablecoin regulation, which gives more oversight to the Financial Services Committee.

Critics argue that this could reduce the BOK’s influence over monetary policy. Meanwhile, major tech companies in Korea have registered trademarks for stablecoins backed by KRW, looking ahead to upcoming legislation. This move shows their readiness in the face of anticipated regulatory changes.

Conclusion

With numerous changes and new developments in the digital finance sector, Bank of Korea is demonstrating its commitment to staying relevant and proactive in the face of ever-changing market dynamics. The Crypto Asset Department and other related initiatives of the BOK mark an important step in the adaptation and integration of future financial technologies.

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