Kaia Chair Critiques South Korea's Bank-First Strategy for Stablecoins as Illogical
BOK's Stablecoin Strategy Critiqued: Dr. Sangmin Seo argues that the Bank of Korea's (BOK) proposal for banks to lead the rollout of won-denominated stablecoins lacks logical foundation, suggesting that clear rules for all issuers would be more effective in minimizing risks and fostering innovation.
Concerns Over Yield Ban: The BOK is considering a ban on interest payments for stablecoins to prevent competition with bank deposits, but Seo believes this could excessively limit adoption and utility, advocating for the allowance of supplementary yield generation.
Growing Interest in Stablecoins: At least eight major South Korean banks are planning to launch stablecoins pegged to the won by early 2026, indicating a growing interest in the stablecoin market in South Korea.
Supportive Regulatory Environment: Following the election of President Lee Jae-myung, South Korea's crypto industry is experiencing a more favorable regulatory environment, with ongoing efforts to legalize stablecoins and promote crypto-related laws.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00251 | 0.0161 | 0.0263 | 0.0399 | 0.0501 | 0.0637 | 0.0739 |
| Fibonacci | 0.0161 | 0.0252 | 0.0308 | 0.0399 | 0.049 | 0.0546 | 0.0637 |
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