Kore Bankası: CBDC Ticari Banka İstikrarını Tehdit Edebilir | Kripto Kılavuz
Connect with us

News

Korean Bank: CBDC Can Threatens Stability in Commercial Bank

Kore Bankası: CBDC Ticari Banka İstikrarını Tehdit Edebilir!

According to the Yonhap News Agency, the Bank of Korea (BOK) said that a state-owned and digital currency in the form of a central bank digital currency (CBDC) will not be released in South Korea.

According to the source, the Bank of Korea issued a report voicing concerns about low deposit demands for commercial banks, which could result from the application of a state-supported CBDC to the financial system.

One of the co-authors of the report, Kwon Oh-ik, wrote:

Ü CBDC is a kind of bank account given by the Korean Bank. People rely more on people than a commercial bank. İnsanlar

This means that customers are likely to rely on the blockchain-based currency, which is supported by the Korean Bank, in contrast to the way they transfer and transfer money. At the same time, this may lead to low liquidity in commercial banks, such as customers withdrawing their money. This situation always raised interest rates.

CBDC Protects Independence

If commercial banks are largely dependent on the credit infrastructure and the deposit services are reduced, the interest rates will increase if banks make liquid cash access difficult for credit maintenance. This can reduce the patronage and therefore reduce the work of these banks.

Blockchain and banks around the world crypto coins discussed different application models. There is such a possibility and talks about facilitating cross-border payment infrastructures. Banks have defined CBDCs as a state-type crypto currency that will form the precision of a currency.

In the end, it is one of the things that some central banks and crypto enthusiasts can accept. blockchain is a digital asset built on it, as well as a means of value, as well as a means of change, and possibly the replacement of the old national currency.

Crypto currencies may play an important role in the massive adoption, but the central bank of South Korea has a different view.

Bank last week; He said that many financial institutions around the world are not in a hurry to publish, although they are well received by the potential of the financial instrument. The report issued by the Bank also reiterates its position on the CBDC.

  • Previous content about CBDC from here you can reach

Source: Bitcoinnews

Advertisement
Click to comment

Leave a Reply

Your email address will be published. Required fields are marked *

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Continue Reading

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Continue Reading

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph

Continue Reading
Advertisement

Current Chart

Click for More

Don't forget to follow us on Twitter

Popular Topics

Don`t copy text!
en_USEnglish