Korean reserve bank guv prompts CBDC advancement to take on stablecoins
Korean reserve bank guv prompts CBDC advancement to take on stablecoins Assad Jafri · 1 day ago · 2 minutes checked out Chang-yong Rhee alerted of stablecoins weakening reserve banks and promoted for CBDCs to protect financial control. 2 minutes checked outUpgraded: December 15, 2023 at 6:07 pm Cover art/illustration through CryptoSlate. Image consists of combined material which might consist of AI-generated material.Bank of Korea Governor Chang-yong Rhee alerted that the increase of stablecoins might position a considerable hazard to the conventional functions of reserve bank cash and effect the efficiency of financial policies, regional media reported.Rhee made the declaration at a conference on digital cash in Seoul on Dec. 15. He included that reserve banks should step up the...