According to the Korean Institute of Finance central banks should issue their own cryptocurrencies
The researchers of the Korean Institute of Finance are convinced that central banks of different countries should recognize cryptocurrencies and include them in a legal financial system. According to Lee Dae-ki, a senior researcher at the Institute, cryptocurrencies are safe, economic and effective, and Blockchain technology will allow central banks to increase protection from cyberattacks.
At the same time, Lee Dae-ki believes that central banks should issue their own cryptocurrencies, competing with existing ones. This competition will lead to the development of new financial technologies, the expansion of the list of banking services and higher interest rates on deposits, which will benefit end-users.
It is worth mentioning that many central banks of different countries today are opposed to cryptocurrencies. For example, recently the head of Bundesbank excluded the legalization of cryptocurrency on the territory of the European Union.