The Bank of Korea is gearing up to launch a Central Bank Digital Currency (CBDC) payment trial in local supermarkets! 🛒💳 This exciting move highlights the growing integration of blockchain-based digital currencies into our everyday retail experience.

Get ready for a future where seamless digital transactions are just a tap away! Stay tuned as we explore how this could revolutionize the way we shop and spend.

#CBDC #BankOfKorea #DigitalCurrency #Blockchain #CryptoInRetail #BinanceNews

Bank of Korea Governor Lee Chang-yong expressed concerns about the spread of stablecoins during the '2023 MOEF-BOK-FSC-IMF' conference. He mentioned that if stablecoins become widely adopted, it could threaten the unity of national currencies, impact currency issuance profits, and affect the implementation of monetary policy. Lee emphasized the importance of discussions regarding the introduction of central bank-issued digital currencies (CBDCs) and highlighted the urgency of addressing this matter.
He also raised concerns about unregulated stablecoins, stating that they may not be as stable as their name suggests and could disrupt the stability of the financial system, potentially crowding out central bank-issued currencies. Lee's remarks highlight the growing interest and concerns surrounding digital currencies, particularly CBDCs, in the global financial landscape. 💱🏦💬 #BankOfKorea #Stablecoins #CBDC

🚨 **Breaking News:** Bank of Korea Maintains Base Interest Rate at 3.50% Per Annum for the Eighth Consecutive Time, Keeping It Unchanged Since a Raise from 3.25% in January Last Year! 🏦📉💰 #BankOfKorea #interestrates