Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Bank of Korea Governor Sees CBDC Introduction as Case for ‘Urgency:’ Report
Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Bank of Korea Governor Sees CBDC Introduction as Case for ‘Urgency:’ Report
Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials
The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.
Bank of Korea given right to investigate local crypto firms: Report
The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country.
Nifty News: Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC, and more
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to enforce them.
Bank of Korea wants to monitor crypto trading activity, cites monetary risks
South Korea’s central bank is the latest entity seeking powers to monitor crypto trading activity in the country.
Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets
Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.
Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets
Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.
South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.
Korea’s Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.
South Korea’s Central Bank Is Building a New Blockchain System for the Bond Market
The Bank of Korea is reportedly looking to build a blockchain system for the Korean bond market.
Developed Countries Have Little Need for CBDCs, Says Bank of Korea Official
The Bank of Korea has again poured cold water on the idea of adopting a central bank digital currency, according to remarks made by an official of the central bank.
Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
Bank of Korea: Central Bank Cryptocurrencies Pose ‘Moral Hazard’
South Korea’s central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.
Survey: Younger Koreans More Likely to Invest in Crypto
Nearly a quarter of South Koreans in their 20s want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea.