South Korea’s Bank Chief Expresses Skepticism about Crypto Industry
Feb 23 2021 · 11:32 UTC | Updated
Feb 23 2021 · 13:04 by Oluwapelumi Adejumo · 2 min read
Photo: The Bank of Korea / Flickr Share this article
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The bank’s chief also mentioned that the apex bank was making considerable progress with its central bank digital currency (CBDC) project.
A top executive of South Korea financial regulator Lee Ju-yeol, who is the governor of South Korea’s bank, has said that crypto like Bitcoin has no intrinsic value. He made this statement during a briefing of the country’s National Assembly Finance Committee.
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BUSINESS
Central Bank of Kenya head office in Nairobi. [Jonah Onyango, Standard]
Coronavirus caught the world flatfooted, but nothing has pulled a surprise on economic experts more than the hike in diaspora remittances to poor nations during the pandemic.
The World Bank had even projected that remittance flows to low- and middle-income countries were expected to drop by around 20 per cent.
Nine months later, official figures tell a different story – a story of how Africans give, not just out of ability, but out of need and resilience.
In Kenya, what has kept the economy breathing during the pandemic has been agriculture and diaspora remittances.
김병욱 "공매도, 기울어진 운동장 주장은 일방적"
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