South Korea Considering Bitcoin Reserve and National Stablecoin
Reading Time: 2 minutesSouth Korea has initiated discussions on incorporating Bitcoin into its national reserves and developing a stablecoin backed by the Korean won Financial experts and opposition lawmakers have emphasized the need for clear policies in response to global shifts towards cryptocurrency reserves Concerns have been raised about potential loss of monetary sovereignty if USD-pegged stablecoins dominate without a domestic alternative.
Reading Time: 2 minutesSouth Korea has initiated discussions on incorporating Bitcoin into its national reserves and developing a stablecoin backed by the Korean won Financial experts and opposition lawmakers have emphasized the need for clear policies in response to global shifts towards cryptocurrency reserves Concerns have been raised about potential loss of monetary sovereignty if USD-pegged stablecoins dominate without a domestic alternative. What's Your Reaction?
