Korea’s central bank has no plans for a central-bank cryptocurrency

The bank is taking a “wait-and-see” approach towards issuing a government-controlled currency. It stated that the public direct access to a cryptocurrency could reduce commercial banks’ deposits and reserves. The Bank of Korea (BOK) has stated that it is not planning on launching a digital currency anytime soon. Due to financial stability …The bank is taking a “wait-and-see” approach towards issuing a government-controlled currency. It stated that the public direct access to a cryptocurrency could reduce commercial banks’ deposits and reserves. The Bank of Korea (BOK) has stated that it is not planning on launching a digital currency anytime soon. Due to financial stability …Read More