[Asia Economy Reporter Jang Hyowon] Hannet is showing strength following the positive report on digital currency (CBDC) released by the U.S. Department of the Treasury's Office of Financial Research. Hannet is considered a key player in the digital currency sector.
As of 10:49 AM on the 13th, Hannet is trading at 7,170 KRW, up 4.98% compared to the previous day.
The Office of Financial Research (OFR) announced on the 12th (local time) a report stating that digital currency (CBDC) can contribute to stabilizing the financial system. Professors Todd Keister of Rutgers University and Cyril Monnet of the University of Bern argued in the report that "by observing fund flows through CBDC, policymakers can more quickly estimate when bank deposit withdrawals occur and address problems faced by troubled banks."
Jarrett Seaberg, an analyst at Cowen Group in the U.S., stated in a client report that "this OFR report is seen as a tool justifying the central bank's launch of CBDC."
Lael Brainard, Vice Chair of the U.S. Federal Reserve, positively mentioned CBDC on the 8th, saying, "Central bank money in a digital native form can provide a neutral and reliable layer in the future crypto financial system, thereby enhancing stability."
Meanwhile, Hannet, which became independent from Korea Computer, primarily operates in the cash dispenser (CD) business. It also conducts VAN and security businesses, making it a beneficiary stock amid the expansion of the digital currency market.
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