[{"type":"paragraph","children":[{"text":"The Bank of Korea's Project Hangang CBDC pilot has been suspended after commercial banks collectively rejected further participation. Here's what happened and why it matters:"}]},{"type":"paragraph","children":[{"text":"💰 Why Banks Said NO:"}]},{"type":"bulleted-list","children":[{"text":"\n35 billion won ($26M) infrastructure costs with unclear ROI\nNo viable business model for commercial banks\nFear of reduced revenue from disintermediation\nPreference for profitable private stablecoin alternatives\n"}]},{"type":"paragraph","children":[{"text":"🔄 The Pivot:"}]},{"type":"bulleted-list","children":[{"text":"\nBanks forming won-based stablecoin consortium instead\nNew pro-crypto government supporting private sector solutions\nBank of Korea shifting from issuer to regulator role\n\"Digital Currency Research Lab\" renamed to \"Digital Currency Team\"\n"}]},{"type":"paragraph","children":[{"text":"🎯 What This Means:"}]},{"type":"bulleted-list","children":[{"text":"\nSouth Korea pioneering hybrid public-private digital currency model\nCentral banks worldwide watching this \"wait and see\" approach\nPotential future: CBDCs for settlement, stablecoins for retail\nMarket forces driving digital currency innovation over state mandates\n"}]},{"type":"paragraph","children":[{"text":"💡 Key Insight: This isn't a failure but a strategic realignment showing that successful digital currency adoption may require balancing public monetary policy goals with private sector commercial interests."}]},{"type":"paragraph","children":[{"text":"The Korean model could become a blueprint for other nations facing similar resistance from traditional financial institutions."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Read the full analysis: 👇\n"},{"type":"link","url":"https://blog.jucoin.com/south-korea-cbdc-project-why-it-was-paused/?utm_source=blog","children":[{"text":"https://blog.jucoin.com/south-korea-cbdc-project-why-it-was-paused/?utm_source=blog"}]},{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"SouthKorea","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"CBDC","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Stablecoins","children":[{"text":""}]},{"text":" "}]},{"type":"paragraph","children":[{"text":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n"}]}]