BOK Governor Rhee Chang-yong: Stablecoins Cannot Fully Substitute Fiat Currencies

BOK Governor Rhee Chang-yong: Stablecoins Cannot Fully Substitute Fiat Currencies During a recent parliamentary audit, Rhee Chang-yong, the Governor of the Bank of Korea (BOK), voiced skepticism regarding the capability of stablecoins to entirely replace traditional fiat currencies. As reported by SBS Biz on October 14, 2024, Governor Rhee emphasized the inherent risks associated with

Source: Bitcoin World