Shin Hyun-song, nominee for Bank of Korea governor, acknowledged the coexistence of CBDCs and stablecoins at a confirmation hearing. He proposed a three-pronged approach for the won's internationalization and pledged to divest foreign assets to prevent conflicts of interest.

Shin Hyun-song, nominated as Bank of Korea governor, discussed the future coexistence of Korean won stablecoins at a parliamentary hearing. He emphasized plans to enhance the digital currency ecosystem, including Project Hangang Phase 2 and participation in the Agora project for cross-border payments.

A Bank of Korea central bank governor candidate, Shin Hyun Song, said that a central bank digital currency (CBDC) and deposit tokens issued by commercial banks should be the core of the digital currency ecosystem. He supports a Korean won stablecoin, but emphasized that maintaining monetary trust comes first. He suggested issuing stablecoins through a bank-led consortium, which could later be expanded to non-bank institutions, while also carefully assessing the stablecoin’s regulatory compliance.

Gate News reports that on March 29, South Korean President Lee Jae-myung nominated Shin Hyun Song, the head of the Monetary and Economic Department of the Bank for International Settlements, as a candidate for the new governor of the Bank of Korea. It is reported that Shin Hyun Song is known as a "pragmatic hawk" and holds a negative attitude towards the Korean won-pegged stablecoin promoted by the Lee administration. Shin Hyun Song believes that in countries with highly volatile exchange rates that are susceptible to capital outflows, stablecoins can easily become a tool for capital flight, and stablecoins pegged to the local currency may accelerate this trend.

Gate News reports that on March 28, South Korean President Lee Jae-myung nominated Shin Hyun Song, head of the Monetary and Economic Department of the Bank for International Settlements, as a candidate for the new governor of the Bank of Korea. Shin Hyun Song is known as a "pragmatic hawk" and has a negative stance towards the Lee government’s push for a won-pegged stablecoin. Shin believes that in countries with severe exchange rate fluctuations and vulnerability to capital outflows, stablecoins can easily become tools for capital flight, and stablecoins pegged to the local currency may accelerate this trend.

South Korean President Lee Jae-myung nominated Shin Heung-soon as central bank governor, sparking new developments in stablecoin regulation. Shin Heung-soon takes a cautious approach, which may impact the legislative process for won-pegged stablecoins. The market is closely watching potential shifts in his stance on stablecoins. This personnel change comes at a critical policy juncture, with technology companies anticipating new regulations to advance digital finance.

South Korean President nominates Shin Hung-song, head of the Monetary and Economic Department at the Bank for International Settlements, as the next governor of the Bank of Korea. He has previously expressed concerns about Korean won stablecoins, believing they could lead to capital outflows and affect financial stability. The public is watching to see if his stance on stablecoins will change after he takes office.

February 13 News, Israeli authorities have arrested two individuals suspected of using confidential information to conduct military-related transactions on Polymarket, including a reservist and a civilian. A joint statement from the Israel Defense Forces, Shin Bet (Israel Security Agency), and the police said the two are suspected of placing bets using classified information, and prosecutors have filed criminal charges for security offenses, bribery, and obstruction of justice. It is understood that the reservist is employed by Shin Bet, and the arrest highlights the potential security risks of prediction markets. Earlier this year, several insider trading cases on Polymarket drew attention, such as a user who successfully bet just hours before Venezuelan President Nicolás Maduro was captured by U.S. forces, earning approximately $400,000.