Express

Bank of Korea: Crypto Will Be Used as an Investment Tool

Amy Liu

Summary: South Korea’s central bank, the Bank of Korea (BOK), published a report entitled “The possibility of a paradigm shift in the financial sector brought about by digital innovation”. It talks about the role crypto may play in the economy of the nation going forward, and questioning whether bitcoin (BTC) and altcoins could “replace legal currencies” ...

South Korea’s central bank, the Bank of Korea (BOK), published a report entitled “The possibility of a paradigm shift in the financial sector brought about by digital innovation”. It talks about the role crypto may play in the economy of the nation going forward, and questioning whether bitcoin (BTC) and altcoins could “replace legal currencies” in the years to come.

The BOK’s researchers forecasted that cryptoassets would continue to be of interest to the private sector in the future, where it would operate as an “investment and speculative” vehicle.

By Amy Liu

Last Update:

Tags: ,
Link: Bank of Korea: Crypto Will Be Used as an Investment Tool   [Copy]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 2 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 3 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 6 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 7 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 9 days ago
  • You need to login to comment.