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.
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.
The Bank of Korea is reportedly looking to build a blockchain system for the Korean bond market.
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.
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.