Finance Minister Says Crypto Has Potential To Threaten Fiat

Finance Minister Says Crypto Has Potential To Threaten Fiat

In a conference held in Seoul, South Korea’s Deputy Minister of Strategy and Finance, Kim Yong-jin said that the cryptocurrency market has gained its stability and growing exponentially. However, he added, “the central bank should consider the emergence of alternative payment methods such as cryptocurrencies as a threat to the existence of the traditional fiat system.”

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