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The Bank of Korea and commercial banks are finalizing systems and participant recruitment for Phase 2 of the CBDC-based 'Project Hangang', with real-transaction deposit token tests set to begin as early as September. By moving bank deposits into tokenized form for payments while National Assembly legislation on a won-denominated stablecoin stalls, the central bank is effectively positioning deposit tokens as the institutional alternative, creating regulatory overhang for private KRW stablecoin issuers and fintech payment plays. Watch whether the September launch proceeds on schedule and whether stablecoin legislation advances in parallel, as the two tracks will determine how Korea's tokenized-money market structure splits between banks and private issuers.
As a Crypto signal, watch whether it changes price action, volatility, or flows around KRW=X.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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