S. Korea to Refuse to Issue CBDC

Bank of Korea believes that CBDC issue could reduce the effectiveness of traditional instruments of monetary policy
19 June 2018   438

Bank of Korea (BoK) opposed the idea of launching its own cryptocurrency (CBDC), which, according to the regulator, could reduce the effectiveness of traditional instruments of monetary policy. This reported by Coindesk..

According to BoK, the sudden issue of CBDC into the economy "will cost society dearly and will do moral harm", and will also have a negative impact on monetary policy and, possibly, will cause instability in the financial market.

In general, the regulator believes that "digital currencies do not function like money."

Our thoughts are that digital currencies have been exposed to various categories of risk associated with credit, liquidity and legal management. [...] It's desirable that the BoK is the only entity to entirely control the issuing of money. Technology improvements don't mean private sectors will be allowed to have the rights for money issuance. If this happens, the BoK should regulate them but properly.
 

Kwon Oh-ik

Economist, BoK

Also, BoK said that it wants to retain a monopoly on the implementation of monetary policy.

At the same time, the Central Bank does not reject the possibility of issuing CBDC in the future. The regulator recognizes that cryptocurrencies can revolutionize the banking system. But before giving digital assets the full right to life, they must be thoroughly tested.

Waves Keeper to be Available at Chrome Web Store

Extension allows to confirm transactions online without providing confidential information to third-party resources
19 November 2018   43

The developers of the Waves blockchain platform have released the previously announced browser extension Waves Keeper to securely sign of transactions.

Team said that the extension allows to confirm transactions online without providing confidential information to third-party resources and the need to enter a private key. Also, several accounts can be used in Waves Keeper.

The major benefit is that private keys are stored securely within the extension, allowing the user to confirm transactions and engage with Waves-enabled web services and dApps without entering their private keys or passwords. This mitigates the threat from malicious websites, while making using Waves online frictionless.
 

Waves Team

The extension is already available in the Chrome Web Store. Over time, the developers have promised to release versions of Waves Keeper for Firefox and other popular browsers.