South Korean Finance Minister: Crypto threatens Fiat System

Korea Apatoʻa ’ ite s moni tavini i crypto mai te parau haamatau i te ravea a te fiat.

Te ani-Kim jin, Te haamaramarama no te tavini a te Apatoa Korea no te ravea faufaa moni, commented this week during a financial conference in Seoul:

“Cryptocurrencies like Bitcoinwhich led an investment and speculative bubble earlier this year, have stabilized and are leading both the authorities and investors to question the foundation of the fiat system. 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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