South Korea's People Power Party Opposes Advancing Central Bank Digital Currency, Calls for Enhanced Security Safeguards First
Source：
www.digitalasset.works
According to Digitalasset, South Korea's People Power Party expressed strong opposition to the government introducing central bank digital currency (CBDC) before legal and institutional safeguards are fully established. Party representative Zhang Donghe stated that while CBDCs can enhance payment convenience and efficiency, they should not be rushed forward solely for convenience. It is essential to first clarify the scope of transaction tracking, determine whether fund usage and timeframes could be controlled, and ensure that the public's freedom to choose currency is safeguarded.
