Tech News
LAST UPDATE: July 30, 2025
Stablecoins craze pits Bank of Korea against lawmakers in South Korea
The ruling party has proposed legislation allowing companies with as little as ₩500 million equity (~US $360k) to issue won‑based stablecoins, aiming to retain financial activity domestically amid rising crypto popularity.
Insight
The initiative has placed the Bank of Korea in conflict with legislators: while lawmakers seek liberal issuance rules, the central bank warns this could undermine monetary control and lead to capital flight. It advocates restricting issuance to commercial banks under strict oversight to preserve financial stability.
US allowed Nvidia chip shipments to China to go forward, Hassett says
Former advisor Kevin Hassett stated that U.S. officials permitted Nvidia to proceed with chip exports to China amid debate over export controls.
Insight
The discretionary approval reveals complexity in U.S.-China tech policy, raising questions about consistency and strategic risk in export enforcement.
