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#bank-of-korea News & Analysis

4 articles tagged with #bank-of-korea. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

4 articles
CryptoBearishThe Block · Apr 217/10
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Bank of Korea’s new chief vows to push CBDC, deposit tokens; leaves out stablecoins

South Korea's new Bank of Korea Governor Shin Hyun-song has pledged to advance the central bank's CBDC and deposit token initiatives while notably excluding stablecoins from the agenda. Given Shin's previous opposition to stablecoins during his tenure at the Bank for International Settlements, this signals Seoul's preference for centralized digital currency solutions over decentralized alternatives.

Bank of Korea’s new chief vows to push CBDC, deposit tokens; leaves out stablecoins
CryptoBearishThe Block · Apr 137/10
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Bank of Korea calls for ‘circuit breaker’ in local crypto market, citing Bithumb incident

South Korea's central bank is advocating for a 'circuit breaker' mechanism in the domestic cryptocurrency market following Bithumb's accidental transfer of 620,000 BTC, highlighting systemic risks in exchange operations. The BOK's call for stricter internal controls addresses operational vulnerabilities that could threaten market stability and investor protection.

Bank of Korea calls for ‘circuit breaker’ in local crypto market, citing Bithumb incident
$BTC
CryptoBearishCrypto Briefing · 12h ago6/10
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Bank of Korea leaves policy rate unchanged at 2.5% as inflation creeps above target

South Korea's central bank maintained its policy rate at 2.5% despite inflation rising above its target level, a decision that may provide short-term stability for the won but could trigger future rate hikes that would redirect capital away from cryptocurrencies toward traditional savings instruments.

Bank of Korea leaves policy rate unchanged at 2.5% as inflation creeps above target