Seoul to host conference on digital money and economic impact By

© Reuters.

SEOUL – South Korea’s capital is gearing up for a significant conference titled “Digital Money: Navigating a Changing Financial Landscape,” bringing together financial experts and policymakers to discuss the economic implications of digital currencies. The event, organized by the Bank of Korea (BOK), South Korea’s finance ministry, and the International Monetary Fund (IMF), is scheduled for Thursday to Friday next week.

The conference aims to shed light on the evolving role of digital currencies in the global financial system and the challenges they present to traditional regulatory frameworks. Participants will explore how central banks can adapt to these changes and what strategies might be employed to harness the benefits of digital currencies while mitigating potential risks.

Keynote speakers will include South Korea’s Finance Minister Choo Kyung-ho, BOK Governor Rhee Chang-yong, and IMF head Kristalina Georgieva. Their insights are expected to address critical financial topics such as the impact of digital currencies on economic growth, the need for robust regulatory responses, and the strategic involvement of central banks in this rapidly changing landscape.

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