Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address
Burns Brief
The BOK will increase scrutiny of crypto markets and non-bank finance, and will also modernize currency markets for 24-hour foreign exchange trading, he said The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The BOK will increase scrutiny of crypto markets and non-bank finance, and will also modernize currency markets for 24-hour foreign exchange trading, he said.
Key Takeaways
- The BOK will increase scrutiny of crypto markets and non-bank finance, and will also modernize currency markets for 24-hour foreign exchange trading, he said