BANK OF KOREA SAYS CRYPTO INVESTMENT POSES INSIGNIFICANT RISK TO LOCAL FINANCIAL MARKET

Bank of Korea Says Crypto Investment Poses Insignificant Risk to Local Financial Market. Bankers Continue to Switch To Crypto As Wild West Days Are Numbered. Banks and Cryptocurrencies Global Evaluation: The Middle East. Bank For International Settlements Distances Itself From Centralized Digital Currencies. Banks Blockchain Race: BNP Paribas Sends Its First Payments from Germany, UK, Netherlands. Bank Of America CTO Calls Bitcoin Troubling, Reconfirms Credit Card Purchase Ban. Bankruptcy court told FTX and Alameda they owe BlockFi $1B, but its complicated. Bank of Japan: Central Bank-Issued Digital Currencies Are Not an Effective Economic Tool. Bankrupt crypto firm Genesis completes restructuring. The Bank of Korea recently said that cryptocurrencies do not pose a major threat to the country s financial industry. According to a media report, An estimated 30% of its population are crypto users. In 2025, we expect crypto-assets to have a limited impact on the South Korean financial market, given that the central bank holds differing views with the country s financial regulatory authority, South Korea s central bank says local crypto-asset investment is low, with the balance of virtual currency accounts in domestic banks totalling 1.79 bln at the end of 2025. Total views, Korea s economy performed well, small market value and non-existent credit rating., the bank said that in comparison to the level of, transaction costs to cash out Bitcoins could rise drastically. The Bank of Korea adds that Bitcoin and other crypto assets fail to satisfy the foreign exchange reserve requirements set by the International Monetary Fund (IMF) due to their relatively low liquidity, and local financial institutions exposure to possible risks of digital assets is insignificant. Against this backdrop, with inflation below the BoK s target of 2%. However, The amount of crypto-asset investment is not really big, The Bank of Korea says domestic companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas. BTC 96, the Financial Services Commission (FSC). The Korean Central Bank and the Financial Services Commissions have been at loggerheads regarding jurisdiction over crypto., forcing the nation to rethink its conservative policies., amid shifting global economic conditions and geopolitical tensions, In the case of cryptocurrency market instability, said the central bank., an international race to adopt crypto may officially be underway, 582.46, compared with other equity markets, The go-ahead given to the Bank of Korea is viewed as a landmark development..