You Won’t Believe What Korea’s Central Bank Wants to Ban Next!
Anyway, the BOK, painfully aware that South Korea might let stablecoins (that’s cryptocurrency pegged to the Korean won, not the stuff you win at the arcade) run wild, has demanded that it should have first dibs on approving, disapproving or at least grumbling loudly about any of these coins. The reason? Apparently, if people start swapping stablecoins like they’re Monopoly money, it could throw a spanner into the delicate works of monetary policy. And heaven knows, central bankers love their policy levers just as they are. 🏦