Tag Archives: CBDC

Bank of Korea Hints at Issuing a Central Bank Digital Currency

The Bank of Korea is set to announce details of an ongoing study into cryptocurrencies next month that includes a plan exploring the possibility of issuing a central bank digital currency (CBDC). In a statement on Wednesday, the Bank of Korea confirmed it was in the “early stages” of studying cryptocurrencies and the implications of issuing them as a central bank, the Korea Times reported. Continue reading Bank of Korea Hints at Issuing a Central Bank Digital Currency

Gov’t-Issued Digital Currencies Threaten Financial Stability

According to Swiss National Bank (SNB) governing board member Andréa Maechler, private cryptocurrencies have advantages over central bank digital currencies (CBDC), Cointelegraph auf
Deutsch reported Sunday, April 8.

The SNB board member told an audience in Zurich that private-sector digital currencies are better and less risky than nationally-issued versions. Furthermore, she added that a government-issued
cryptocurrency could increase the risk of so-called “bank runs” – when a large number of customers withdraw funds from a bank based on concerns about the bank’s solvency.

Reference: https://cointelegraph.com/news/govt-issued-digital-currencies-threaten-financial-stability-says-swiss-central-banker