The Chairman of the Financial Services Commission of South Korea (FSC), Kim Beng-hwan, stated that there is currently no need to create a national Bitcoin reserve. He added that Seoul will monitor the reactions of other countries to the cryptocurrency initiatives of the United States and consider domestic economic conditions. Kim expressed doubts about the positive impact of cryptocurrencies on the economy and emphasized that the FSC will continue to monitor the market and fight against unfair trading.
11/25/2024 12:10:05 PM (GMT+1)
The FSC Chairman Kim Beng-hwan expressed doubts about the need for South Korea to accumulate Bitcoin, emphasizing caution in cryptocurrency policy ⚖️
705
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Senator Tim Scott proposes a bill to exclude "reputational risk" in banking regulations, with the goal of stopping the de-banking of cryptocurrency companies and legal businesses
Bolivia will start using cryptocurrency to pay for fuel imports against the backdrop of a dollar shortage and economic crisis in the country's energy sector
Microsoft is developing its own AI models and testing alternatives to OpenAI to compete in the technology space, investing $14 billion and hiring industry experts
President Trump signed an order to create the Strategic Bitcoin Reserve and the National Digital Asset Reserve to strengthen the U.S. position in managing cryptocurrencies
The court dismisses the lawsuit against DOGE by Elon Musk, allowing access to data from the U.S. Department of Treasury despite concerns about leaks of confidential information
Australia does not plan to create a strategic cryptocurrency reserve, despite the USA's initiative to include XRP, Bitcoin, and others in the national financial reserve
The Cardano Foundation enters into a strategic partnership with SERPRO to implement blockchain technologies in Brazil's public sector and train 8,000 employees
