Japan, Korea asset owners say no to crypto but open to CBDC investment
Regional asset owners are still wary of volatile cryptocurrencies, but they say central bank-backed digital currencies could become investment friendly over the next five to 10 years.
For asset owners in Japan and Korea, investing in cryptocurrency is still off limits - but the solidity and safety of central bank digital currencies (CBDC) are a different matter.
As major central banks around the world have announced plans to start CBDC trials - including the Bank of Korea and Bank of Japan - asset owners told AsianInvestor they would consider investing in the digital asset class.
However, any investment would have to be predicated on an established credibili…
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