BitcoinWorld Martı’s Strategic Crypto Investment: Turkish Mobility Giant Allocates 20% Reserves to Bitcoin In a bold move that has captured the attention of both the technology and cryptocurrency sectors, Martı, Turkey’s prominent mobility super app, has announced a groundbreaking decision. The company is set to allocate a significant portion of its cash reserves – specifically 20% – into crypto assets, beginning with Bitcoin. This isn’t just another headline; it’s a powerful statement from a major player about the evolving landscape of corporate finance and the increasing legitimacy of digital assets. This Martı crypto investment marks a pivotal moment, signaling a new era for treasury management in a volatile economic climate. Why is Martı Making This Strategic Crypto Investment? The announcement came directly from Oğuz Alper Öktem, the visionary founder of Martı, via a post on X. His explanation was clear and strategic: the move is primarily aimed at preserving the value of the company’s idle cash. In today’s economic environment, where inflation can erode the purchasing power of traditional fiat currencies, holding large sums of cash can be a liability rather than an asset. Öktem emphasized Martı’s perspective on crypto, particularly Bitcoin, as a long-term store of value. This isn’t a speculative gamble; it’s a calculated decision to protect the company’s financial health. Let’s break down the core reasons behind this strategic shift: Inflation Hedge: Many traditional currencies are experiencing significant inflation, diminishing the real value of cash holdings. Cryptocurrencies, especially Bitcoin, are increasingly viewed as a hedge against such economic pressures due to their decentralized nature and limited supply. Long-Term Value Preservation: Martı sees Bitcoin not as a short-term trading instrument, but as an asset class capable of maintaining and growing value over extended periods, offering a more robust alternative to traditional cash reserves. Diversification: By adding crypto to its treasury, Martı diversifies its asset portfolio, reducing reliance on a single type of currency or investment. This diversification can enhance financial resilience. Innovation and Forward Thinking: Embracing crypto aligns with Martı’s identity as an innovative tech company. It demonstrates a willingness to adapt to new financial paradigms and leverage cutting-edge solutions. Crucially, Öktem also clarified that this Martı crypto investment will not impact the company’s existing budget or its ambitious plans for expanding its shared ride and other transportation services. This reassures stakeholders that operational growth remains a top priority, with crypto serving as a strategic financial safeguard. The Broader Trend: Corporate Treasury and Crypto Adoption Martı is not operating in a vacuum. Its decision to integrate crypto into its treasury strategy is part of a growing global trend. Over the past few years, a number of prominent corporations have explored or outright adopted Bitcoin and other digital assets for their balance sheets. Companies like MicroStrategy, Tesla, and Square (now Block) have made headlines for their significant crypto holdings, often citing similar reasons to Martı: hedging against inflation, seeking alternative stores of value, and embracing technological innovation. This shift reflects a maturing perspective on cryptocurrencies within the corporate world. What was once dismissed as a niche, volatile asset class is now being seriously considered by finance departments worldwide. The reasons are compelling: Traditional Treasury Challenge Crypto Solution (e.g., Bitcoin) Erosion of value due to inflation Decentralized, limited supply asset (potential inflation hedge) Low returns on traditional cash holdings Potential for significant long-term appreciation Concentration risk in single fiat currency Diversification into a non-correlated asset Inefficiencies in cross-border payments Faster, cheaper global transactions (for operational use cases) The increasing institutional infrastructure supporting crypto, including regulated exchanges, custody solutions, and clearer accounting guidelines, has also made it more feasible for corporations to engage with digital assets. This growing ecosystem reduces some of the historical barriers and risks associated with corporate Martı crypto investment strategies. Navigating the Waters: Benefits and Risks of Martı’s Crypto Investment While the potential benefits of Martı’s move are clear, it’s also important to acknowledge the inherent risks associated with cryptocurrency. The crypto market is renowned for its volatility, with prices capable of experiencing rapid and significant fluctuations. This means that while the value of Martı’s crypto holdings could increase substantially, there’s also the risk of considerable depreciation. Potential Benefits: Protection Against Currency Devaluation: Especially relevant in economies prone to high inflation or currency instability, Bitcoin offers a potential safe haven. Growth Potential: Despite volatility, Bitcoin has shown a strong long-term growth trajectory, offering the potential for significant capital appreciation. Pioneering Image: Martı positions itself as a forward-thinking, innovative company, potentially attracting talent and investment from those aligned with the digital economy. Potential Challenges & Risks: Market Volatility: The primary concern is price fluctuations. A sudden market downturn could impact the reported value of Martı’s reserves. Regulatory Uncertainty: While evolving, the regulatory landscape for cryptocurrencies remains complex and varies by jurisdiction. Changes could impact the viability or cost of holding digital assets. Security Risks: Holding large amounts of crypto requires robust security measures to protect against hacks, theft, or loss of private keys. Public Perception: Despite growing acceptance, some traditional investors might still view crypto as too risky, potentially influencing stock performance or investor sentiment. Martı’s decision underscores a calculated risk assessment, weighing the potential for long-term value preservation against these known challenges. Their stated focus on ‘idle cash’ suggests a cautious approach, not impacting core operations, which is a prudent strategy for a first-time corporate Martı crypto investment . What Does Martı’s Bold Move Mean for the Future of Corporate Finance? Martı’s allocation of 20% of its cash reserves to crypto is more than just a financial transaction; it’s a bellwether for the future of corporate treasury management. This decision by a prominent Turkish tech company could inspire similar moves across emerging markets and beyond. As digital economies expand and the global financial landscape continues to evolve, companies may increasingly look beyond traditional assets to manage their liquidity and preserve wealth. This trend suggests a paradigm shift where: Crypto Becomes a Mainstream Asset Class: More companies will integrate digital assets into their balance sheets, moving crypto from the fringes to a core component of corporate finance. Innovation in Treasury Management: Financial departments will need to develop new expertise in managing digital assets, including custody, accounting, and risk management specific to crypto. Increased Regulatory Clarity: As corporate adoption grows, governments and regulatory bodies will be pushed to provide clearer guidelines, fostering a more secure and predictable environment for crypto investments. Martı’s announcement serves as a case study, demonstrating that even established, publicly traded companies are willing to embrace innovative financial strategies to adapt to modern economic realities. It highlights a growing confidence in the long-term viability and utility of digital assets. Actionable Insights from Martı’s Crypto Investment Journey For businesses and individuals alike, Martı’s move offers several valuable insights: Re-evaluate Cash Management: Are your idle cash reserves truly serving you, or are they losing value to inflation? Explore alternative strategies for value preservation. Understand Digital Assets: Educate yourself and your team on the fundamentals of cryptocurrencies, their risks, and their potential benefits. The digital economy is here to stay. Consider Long-Term Strategy: Short-term speculation is risky. Martı’s approach emphasizes long-term value storage, a more prudent strategy for corporate treasuries. Start Small and Scale: Martı’s 20% allocation, while significant, is still a portion of their reserves, not their entire treasury. This phased approach can mitigate initial risks. Consult Experts: For businesses considering similar moves, engaging with financial advisors specializing in digital assets and corporate treasury management is crucial. The decision by Martı to make a significant Martı crypto investment is a testament to the growing acceptance and strategic importance of digital assets in the global economy. It reflects a proactive approach to financial management in an era of economic uncertainty and technological advancement. A Glimpse into the Future: Martı Paving the Way Martı’s bold move to allocate 20% of its cash reserves to crypto, starting with Bitcoin, is more than just a financial transaction; it’s a strategic declaration. It underscores a growing corporate belief in digital assets as a legitimate and necessary component of modern treasury management, particularly for preserving value against inflationary pressures. By taking this pioneering step, Martı is not only safeguarding its own financial future but also setting a precedent for other companies in Turkey and around the globe. This isn’t merely about holding crypto; it’s about embracing innovation, adapting to new economic realities, and charting a course for resilient financial growth in the digital age. The ripple effect of this Martı crypto investment will undoubtedly be felt across industries, prompting more conversations about the role of digital assets in corporate balance sheets. Frequently Asked Questions (FAQs) Q1: What exactly did Martı announce regarding crypto? A1: Martı, the Turkish mobility super app, announced it would invest 20% of its cash reserves into crypto assets, beginning with Bitcoin. This decision was shared by founder Oğuz Alper Öktem on X. Q2: Why is Martı investing in crypto? A2: According to Öktem, the primary goal is to preserve the value of idle cash not allocated to operations. Martı views crypto, particularly Bitcoin, as a long-term store of value and a hedge against inflation. Q3: Will this crypto investment affect Martı’s operational budget or expansion plans? A3: No, Öktem clarified that Martı’s budget and plans for expanding its shared ride and other transportation services will remain unaffected by this allocation. Q4: Is Martı the first company to make such a move? A4: While Martı is a pioneer in Turkey, several global companies like MicroStrategy and Tesla have previously allocated significant portions of their treasury reserves to Bitcoin and other cryptocurrencies, signaling a growing trend in corporate crypto adoption. Q5: What are the main risks associated with Martı’s crypto investment? A5: The main risks include market volatility, which can lead to significant fluctuations in the value of their holdings, and the evolving regulatory landscape surrounding cryptocurrencies. Q6: What does Martı’s decision mean for other companies? A6: Martı’s move could serve as a significant precedent, encouraging other companies, especially in emerging markets, to consider integrating digital assets into their treasury management strategies for value preservation and diversification. If you found this article insightful, consider sharing it with your network! Your support helps us bring more critical insights into the evolving world of cryptocurrency and corporate finance. Share on social media and let the conversation continue! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Martı’s Strategic Crypto Investment: Turkish Mobility Giant Allocates 20% Reserves to Bitcoin first appeared on BitcoinWorld and is written by Editorial Team
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BitcoinWorld Korean Crypto Regulation: Urgent Warning Issued to Exchanges Over Lending Services The cryptocurrency world is constantly buzzing with innovation, but also with the watchful eyes of regulators. Recently, a significant development emerged from South Korea, a nation known for its vibrant yet tightly controlled digital asset market. If you’re involved in crypto, understanding the nuances of Korean crypto regulation is crucial, especially as authorities recently issued a stark warning to some of the country’s largest exchanges. What’s Stirring the Waters in Korean Crypto Regulation? South Korea’s financial authorities, specifically the Financial Supervisory Service (FSS), have stepped in with a firm hand, raising serious concerns with the nation’s two dominant cryptocurrency exchanges, Upbit and Bithumb. The core issue? Their recently launched crypto lending services. According to Yonhap News, these services sparked alarms due to perceived legal risks and inadequate user protection measures. On July 25, a pivotal meeting took place. Executives from five major exchanges convened with the FSS to address these pressing concerns head-on. The outcome was immediate and impactful: Upbit , one of South Korea’s leading exchanges, promptly suspended its USDT lending service. Bithumb , another giant in the space, ceased accepting new loan applications for its lending products. This swift action underscores the seriousness with which Korean regulators view these financial products. The FSS isn’t stopping there; citing ongoing controversy and the need for a robust framework, they plan to establish a dedicated task force. This task force will collaborate with industry participants to develop a comprehensive self-regulatory framework, aiming to strike a balance between innovation and investor safety within the realm of Korean crypto regulation . The Perils of Crypto Lending: Why Regulators Are Concerned Crypto lending, while offering attractive yields, comes with inherent complexities and risks that often escape the notice of average users. Regulators worldwide, and particularly in South Korea, are increasingly wary of these services due to several critical factors: Inadequate Investor Protection: Unlike traditional banking, crypto lending platforms typically offer no deposit insurance. If a platform collapses or borrowers default, lenders can lose assets entirely, a key concern for the FSS. Legal Ambiguity: The legal classification of crypto lending services remains unclear in many jurisdictions. This ambiguity creates regulatory gaps, potentially leading to fraud or market manipulation, issues South Korean authorities aim to preempt. Counterparty and Transparency Risks: Users are exposed to the risk of borrowers defaulting, especially in volatile markets. Furthermore, many platforms lack transparency regarding fund deployment and financial health, making it difficult for users to assess true risk. Potential for Systemic Risk: The interconnectedness of crypto lending platforms can create systemic risks. A crisis at one major entity could ripple through the entire ecosystem, as witnessed in past market downturns. These concerns highlight the FSS’s commitment to ensuring that user funds are adequately protected and that the market operates with transparency, core tenets of sound Korean crypto regulation . A Glimpse into South Korea’s Evolving Regulatory Landscape South Korea has long been a frontrunner in adopting and regulating digital assets, balancing innovation with strong consumer protection. Its journey with Korean crypto regulation includes: Early Adoption & Controls: A vibrant early market led to concerns over speculation, prompting crackdowns in 2017-2018, including bans on anonymous trading accounts and ICOs. FATF Travel Rule: In 2021, South Korea was among the first to implement the FATF’s “Travel Rule,” requiring virtual asset service providers (VASPs) to share customer information for transactions above a threshold, enhancing anti-money laundering efforts. Strict Licensing: All crypto exchanges must register with the Financial Intelligence Unit (FIU) and adhere to stringent AML/KYC protocols, including unique real-name bank account requirements for deposits and withdrawals. Push for Comprehensive Legislation: There’s an ongoing effort to enact the Digital Asset Basic Act (DABA), aiming to provide a clearer legal framework for various crypto assets and establish robust investor protection. The current actions against lending services are a clear signal of the urgency to address specific risks before this broader framework is fully in place. This latest intervention reinforces South Korea’s determination to foster a mature and responsible crypto market, prioritizing stability and investor trust. What Does This Mean for Users and Exchanges? The FSS’s warning and the subsequent actions by Upbit and Bithumb have significant implications for the South Korean crypto ecosystem. For Crypto Users: Enhanced Safety: While potentially limiting high-yield opportunities, regulatory intervention aims to make the market safer, leading to more transparent and regulated lending options. Increased Due Diligence: This event underscores the importance for users to conduct thorough research on any crypto service, understanding its risks, regulatory compliance, and operational transparency. For Crypto Exchanges: Operational Adjustments: Exchanges must quickly adapt services, enhance risk management, and improve user disclosures to align with regulatory expectations. Opportunity for Collaboration: The proposed self-regulatory task force offers exchanges a chance to actively shape future Korean crypto regulation , contributing industry expertise to effective guidelines. Focus on Responsible Innovation: Exchanges will need to prioritize user safety and transparency in developing new products, ensuring long-term sustainability and trust in a regulated environment. Navigating the Future: Actionable Insights for the Crypto Community As the landscape of Korean crypto regulation continues to evolve, stakeholders can take proactive steps: For Individual Investors: Stay Informed & Prioritize Security: Keep abreast of regulatory news and use only well-established, regulated platforms. Be cautious of exceptionally high returns. Understand Risk & Diversify: Fully grasp the risks associated with various crypto products and avoid over-concentration in any single asset or service. For Crypto Exchanges and Service Providers: Proactive Compliance & Engagement: Implement robust internal controls and actively participate in regulatory discussions to help shape fair and effective rules. Responsible Innovation & User Education: Develop services that prioritize safety and transparency, and clearly communicate risks and benefits to users. For Policy Makers and Regulators: Foster Dialogue & Agile Regulation: Maintain open communication with the industry and develop flexible frameworks that adapt to rapid technological changes without stifling innovation. Harmonize Globally: Work towards international cooperation to prevent regulatory arbitrage and foster a stable global market. The recent actions by South Korean financial authorities serve as a potent reminder that the era of “wild west” crypto is rapidly drawing to a close in mature markets. The focus is clearly shifting towards establishing a robust, secure, and transparent environment for digital assets. While this might temporarily temper some high-risk opportunities, it ultimately paves the way for greater institutional adoption and long-term stability for the crypto market. The formation of a self-regulatory task force signals a collaborative approach, aiming to build a future where innovation thrives hand-in-hand with stringent investor protection. As Korean crypto regulation continues to evolve, its influence will undoubtedly resonate across the global digital asset landscape, shaping how other nations approach the complex task of governing this transformative technology. Frequently Asked Questions (FAQs) Q1: What prompted the South Korean regulator’s warning to crypto exchanges? A1: The Financial Supervisory Service (FSS) raised concerns over legal risks and inadequate user protection measures associated with the crypto lending services recently launched by major exchanges like Upbit and Bithumb. Q2: What immediate actions did Upbit and Bithumb take after the FSS meeting? A2: Following the meeting, Upbit suspended its USDT lending service, and Bithumb stopped accepting new loan applications for its lending products. Q3: What are the main risks associated with crypto lending that concern regulators? A3: Key concerns include a lack of investor protection (no deposit insurance), legal ambiguities surrounding these services, counterparty risk, transparency issues, and potential systemic risks due to the interconnectedness of platforms. Q4: What is the purpose of the proposed task force for a self-regulatory framework? A4: The task force, involving regulators and industry participants, aims to develop a comprehensive self-regulatory framework for crypto services. This framework seeks to balance innovation with strong investor protection and address the ongoing controversies surrounding certain crypto products. Q5: How does this warning fit into the broader context of Korean crypto regulation? A5: This warning is part of South Korea’s ongoing efforts to mature its crypto market responsibly. It follows previous regulatory actions like the implementation of the Travel Rule and strict licensing requirements, signaling a continued commitment to financial stability and consumer trust. Q6: What should crypto users do in light of these regulatory developments? A6: Users should prioritize security by using regulated platforms, conduct thorough due diligence on any service, understand the inherent risks of crypto products, and stay informed about evolving regulatory landscapes to make informed decisions. Did you find this deep dive into Korean crypto regulation insightful? Share this article with your friends, family, and fellow crypto enthusiasts on social media to help spread awareness about these critical developments and foster a more informed crypto community! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Korean Crypto Regulation: Urgent Warning Issued to Exchanges Over Lending Services first appeared on BitcoinWorld and is written by Editorial Team
Stablecoins are redefining global payments with unmatched speed and efficiency, as Ripple’s RLUSD gains traction amid soaring demand across volatile markets and underserved financial corridors. Ripple Names Stablecoins as Core to Fast, Low-Cost Payments in Volatile Markets Ripple published a report on July 25, examining the role of stablecoins and highlighting leading payment providers shaping
XRP has stabilized above $3.20 after a sharp climb and equally sharp pullback this month. With a current price of $3.24, the token is showing short-term strength, up 2.01% in the past 24 hours. However, a 7-day drop of over 8% still lingers, leaving traders questioning: has XRP found its base – or is more turbulence ahead? Looking at the hourly chart, XRP’s bullish breakout in mid-July was followed by a sharp correction from the $3.80 zone. That drop found support around $3.00, and since then, the token has begun to grind higher again. The Relative Strength Index (RSI) sits near 61, indicating mild bullish momentum without yet entering overbought territory. If buyers regain control, the next target may sit around $3.55, a key resistance from the last local peak. While traders dissect XRP’s short-term moves, some are already shifting their attention to early-stage opportunities that could offer even higher returns. One such project making waves is MAGACOIN FINANCE. Meanwhile, MAGACOIN FINANCE is turning heads after data projections suggested that a modest $1,400 allocation could balloon to $23,000 if growth trends persist. XRP Chart Hints at Recovery XRP’s recent consolidation just above the $3.20 level is critical. The token has formed a mild bullish divergence on the RSI, suggesting a potential move higher in the short term. However, buyers will need to push through the $3.45–$3.55 resistance zone to confirm a new uptrend. Should that breakout happen, the next targets could stretch to $3.80 and eventually back toward $4.00, but only if macro sentiment remains strong . The New Altcoin That is Eye ing Explosive Growth MAGACOIN FINANCE continues to gain traction among early investors, with a presale stage that is already seeing rapid participation. What’s drawing attention isn’t just hype—it’s the strong projections being circulated by analysts. Based on current models, $1,400 invested now could turn into $23,000 during the next altcoin cycle. The project has already outperformed early metrics of several well-known meme coins, and demand is growing as available slots in early stages disappear quickly. With limited allocations remaining, the clock is ticking for those looking to position ahead of the next presale tier. What Comes Next for XRP? For XRP, the outlook hinges on reclaiming mid-July levels and proving that its recovery has real backing. The token must hold above $3.20 and gain momentum toward $3.50 for traders to stay bullish. Otherwise, the risk of retesting lower levels remains. But whether XRP surges or consolidates, opportunities like MAGACOIN FINANCE remind investors that some of the biggest gains often come from early, strategic moves—before the crowd catches on. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: XRP Price: What is the Next Target?
XRP has experienced a strong recovery since late 2024, significantly outperforming many altcoins during this period. Currently trading at approximately $3.12, the asset has risen by over 530% from its November 2024 low of around $0.50. This resurgence has led several market observers to revisit an old theory, that XRP may be replicating the same price pattern it followed during its historic 2017 rally. Analysts Revisit the 2017 Price Structure A growing number of XRP-focused analysts believe the asset’s recent movements closely resemble its behaviour during the 2017–2018 bull market. During that previous cycle, XRP started the year with relatively stagnant price action, trading within a symmetrical triangle. It broke out in March 2017 and reached $0.39 by May. After a lengthy consolidation period, the asset surged to its all-time high of $3.31 in early 2018, marking a 60,000% increase from its early breakout price of $0.0055. This pattern appears to be playing out once again, according to some analysts. XRP showed signs of stagnation in the months leading up to November 2024, again trading within a triangular formation. It broke out in November, peaked at $3.40 by January 2025, and has since been consolidating. Now, in mid-2025, the token has resumed its upward movement, prompting speculation that a second major rally could be underway. Prominent market commentators who have highlighted this fractal pattern include EGRAG Crypto , Bassii, Lud , CryptoWZRD, Javon Marks , Charting Guy , and others. While most agree on the general resemblance to 2017, their projected price targets vary significantly due to differing assumptions about market conditions and capital inflows. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Exploring the Implications of a Full Repetition While most analysts lean toward conservative projections, a few have explored what would happen if XRP repeated the full scale of its 2017 rally. Based on historical performance, a 60,000% increase from the $0.50 price recorded in November 2024 would place XRP near the $300 mark, which amounts to over 9,546% increase from the current price of $3.11 Such a scenario would drastically reshape the market. With roughly 60 billion XRP in circulation, a $300 price point would result in a total market capitalization of around $18 trillion. This figure would make XRP one of the most valuable assets globally, competing alongside the market capitalization of gold and vastly exceeding that of Bitcoin and Ethereum combined. Because of these implications, most analysts hesitate to endorse the $300 price level as a realistic short-term target. However, they acknowledge that it serves as a useful theoretical benchmark for understanding the asset’s upside potential in an unconstrained environment. For investors who entered the market during XRP’s late 2024 breakout, the possible return on investment under such a rally would be substantial. An individual who acquired 10,000 XRP at $0.50, spending $5,000, would see their holdings valued at $3 million if the token reached $300. While such returns remain speculative, they illustrate the kind of exponential growth that has drawn continued attention to XRP. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Projected Price if It Fully Replicates This 2017 Fractal appeared first on Times Tabloid .
South Korea’s Central Bank has announced it will reorganize its structure to include a “cryptoassets department” as a wave of public sector stablecoin -related activity continues to build momentum. The South Korean media outlet News1 reported that the Bank of Korea (BOK) has established a new division named the “Cryptoasset Department.” The headquarters of the Bank of Korea, in Seoul, South Korea. Cryptoassets Department: New BOK Division to Monitor Crypto Sector The BOK also announced that its Digital Currency Research Lab, which operates within its Financial Settlement Bureau, will be renamed the Digital Currency Lab on July 31. News1 explained: “This appears to be an attempt to emphasize its status as a business unit.” The bank added that it has also reorganized the roles of the teams that make up the lab, and will assign staffers to test token usability. The BOK said its Cryptoasset Team Department would operate within its Financial Settlement Bureau. This division, it said, will be responsible for monitoring the crypto market. Its remit will also include Korean won-pegged stablecoins and legislative matters. The media outlet wrote that experts have interpreted the reshuffle as an “attempt to better respond to recent discussions on stablecoin issuance, while continuing work on its central bank digital currency (CBDC).” The Bank of Korea remains concerned at the tariff impact on economic expansion rather than inflation, Governor Rhee Chang-yong says https://t.co/e4gpV9bZqs — Bloomberg (@business) July 1, 2025 CBDC Plans on Ice? The BOK recently hit the pause button on its CBDC rollout plans, seemingly in direct response to the government’s stablecoin legalization plans. The bank seems to believe that CBDC-based deposit tokens are no different from bank-supported KRW stablecoins. The BOK Governor Rhee Chang-yong said last year that deposit tokens are essentially “stablecoins issued by banks.” Rhee said earlier this month: “No matter if we are talking about a won stablecoin or a deposit token, we will need a digital currency in the future. We will carefully consider whether it is better to gradually move forward with a focus on the banking sector or to expand this to the wider private sector.” From Breakingviews – Breakingviews – Samsung’s $16.5 bln Tesla coup comes with caveats https://t.co/SRFpPxv2Ey https://t.co/SRFpPxv2Ey — Reuters (@Reuters) July 29, 2025 South Korean Stablecoin Regulation Incoming The bank’s move comes just hours after the nation’s two biggest political parties rolled out stablecoin regulation bills . Both bills propose giving the Financial Services Committee sweeping regulatory powers over the stablecoin industry. Critics think this will significantly diminish the role of the BOK. And the BOK has previously hit out at private sector stablecoin adoption plans. It claims that KRW-pegged coins could undermine Seoul’s ability to conduct effective monetary policy. Some of the country’s biggest tech firms have already registered KRW stablecoin-themed trademarks in anticipation of a green light from Seoul. The post South Korean Central Bank Unveils New ‘Cryptoassets Department’ appeared first on Cryptonews .
The Nym token has jumped considerably in the past day as UK VPN demand spikes 6,000% amid a new age verification law.
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