Korea’s central bank ‘opposes’ the idea of a digital currency

BOK will not issue digital money — Korea Times — “The Bank of Korea (BOK), the country’s central bank, said Monday it opposes the idea of central bank digital currency (CBDC)… 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.”

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