Condividi questo articolo
Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
Researchers from South Korea’s central bank say issuing a central bank digital currency (CBDC) could have negative ramifications for the economy.
The Bank of Korea (BoK) published a study on Thursday, which modeled how a CBDC issuance might affect on liquidity at commercial banks.
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter Crypto Daybook Americas oggi. Vedi tutte le newsletter
It found that if the public could access the theoretical digital currency directly, commercial banks' demand deposits, or reserves, could be reduced – leaving them with a cash shortfall. That could eventually force them to compensate by raising interest rates on loans, the central bank explained.
“This has negative effects on financial stability, which increases the likelihood of bank panic in which commercial banks are short of cash reserves to pay out to depositors,” the report states.
According to CoinDesk Korea, report co-author Kwon Oh-Ik said that, if a CBDC is issued, “supplementary measures should be taken so that they do not adversely affect financial stability."
In June 2018, the BoK said that issuing a CBDC could pose a “moral hazard” by adversely affecting monetary policy and destabilizing the economy.
The Bank of International Settlements (BIS), known as the central bank of central banks, also warned last spring that if any country’s central bank is looking to develop and launch a CBDC, it should “carefully weigh” the implications of doing so, especially as they relate to monetary policy and overall economic stability.
On the other hand, Christine Lagarde, managing director and chairwoman of the International Monetary Fund (IMF) has encouraged the “exploration” of CBDCs in the light of decreasing demand for cash and rising preference for digital money.
A November research report from IBM found that most polled central banks believe they should issue a wholesale CBDC, although they were uncertain if blockchain can provide sufficient cost and efficiency benefits.
Bank of Korea image via Shutterstock
Di più per voi
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Cosa sapere:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Di più per voi
Bitcoin pushes above $90,000 as traders eye change in pattern
Particularly hard-hit in 2025's final sessions, crypto-related stocks are bouncing in this year's first trading day.
Cosa sapere:
- Bitcoin rose above $90,000 during U.S. trading hours on Friday.
- It's a notable change in trend, as crypto prices late in 2025 were typically on the defensive while American stocks traded.
- Strategy, Coinbase, Hut 8 and Galaxy Digital were among the crypto-related stocks seeing strong gains.
Top Stories
