South Korea Forms Task Force for Central Bank Digital Currency Research

[newshunter]

South Korea Forms Task Force for Central Bank Digital Currency Research

The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020

Source: South Korea Forms Task Force for Central Bank Digital Currency Research

Would appreciate your opinion about this

[Noverteno]

Now, many states intend to issue their national stable coin. South Korea is one of the leaders in the use of cryptocurrency, so such news is not surprising. Apparently, in the next few years, almost all states will have their own stable coins. That would be nice. However, in a decentralized cryptocurrency, a very strong competitor will appear as a means of payment.

[Alcor]

It seems that 2020 will be the year of the massive emergence of national stable coins of various states. Information on the intention of an increasing number of states to issue their stable coins appears on all sides. The figure is already being called that 70 percent of states are going to do this. Most likely, people will use national stable coins as a means of payment. In this regard, a decentralized cryptocurrency will be very difficult to compete with.