South Korean opposition leader speaks out against CBDC launch
- —Chang Dong-hyuk urged against rushing CBDC adoption without legal guarantees for citizens
- —The politician compared Korea with the US and Japan, which are not rushing retail CBDC
- —The 'Hangang' project is a wholesale CBDC with deposit tokens issued by banks
Why it matters: Political resistance could slow the launch of the digital won and influence CBDC regulation in Asia.
Source: Bloomingbit
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