Bank of Korea: Costs Could Limit Cryptocurrency Use
Bank of Korea has published a new working paper that speculates on how a cryptocurrency economy would impact central banks.
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
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 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.
Nearly a quarter of South Koreans in their 20s want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea.
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.