Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Enjoyed this article?
Share it with your friends!
Korea Bank (Hi)The central bank of South Korea, is Call to a Slowly and controlled introduction of stable data in the country.
Deputy Governor Ryoo Sang-Dae believes that Commercial banks should be the first to betray these digital tokensbefore they allow other institutions to participate.
Speaking on a Journalists Conference on June 24thRyoo said, “it would be advisable to initially allow stable issuance primarily through banks, which are subject to higher levels of financial regulation, and gradually expand it to a sector that is not bankers.”
Did you know?
Want to be smarter and richer with cryptocurrencies?
Subscribe – every week we are posting new videos of Crypto explanator!
How to invest in cryptocurrencies: 6 award -winning strategies (animated)
Explained that the goal is to be Create a layer of protection in case stabibly cause problems in the market or negatively affect consumers.
Ryoo also noted that if they were widely adopted, the stabibly adopted could affect the currency policies of the country. He warned that they could lead to faster movement of money abroad and could encourage South Korea to reconsider their current approach to foreign exchange and role of victory in global markets.
He added that a Tilling these tokens could ask questions about changes in the financial systemincluding the idea of ”narrow banking”, where banks are limited to holding only safe assets.
In addition, Ryoo said Central bank will continue its work on the Digital version of Won. He described the digital currency Central Bank (CBDC) as a possible tool for managing risks coming with private stable bones.
June 17, Malaysian Prime Minister Anwar Ibrahim was announced by Digital Asset Innovation Hub. What is it? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
