Korea’s Central Bank Forms Task Force to Study Cryptocurrency Impact
The Bank of Korea, South Korea's central bank, has launched a cryptocurrency task force to explore the technology's effects on the financial system.
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.
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
The Bank of Korea is reportedly looking to build a blockchain system for the Korean bond market.
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.
Nearly a quarter of South Koreans in their 20s want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea.