The Bank of Korea (BOK), the country’s central bank,
said Monday it opposes the idea of central bank digital currency (CBDC) as issuing CBDC will raise the basic mechanics of monetary policy and implementation, including the bank’s use of open market operations.
The bank is worrying over concerns
that such a sudden launch of the CBDC will cost society a lot and cause a moral hazard. Also, issuing CBDC could destabilize the market order because digital currencies don’t currently constitute money.
Read more here ; https://kryptomoney.com/bank-korea-not-support-central-bank-issued-digital-currency/
Hello x33,
@SteemEngineTeam would like to take the time to thank you for
We plan to give back to our community members, so have an upvote on us!
Thank you.
Hello x33,
@SteemEngineTeam would like to take the time to thank you for
We plan to give back to our community members, so have an upvote on us!
Thank you.