Bank of Korea
Bank of Korea to Establish Virtual Asset Team as Lee Looks to Shape Crypto Regime: Report
The team will be responsible for monitoring the digital asset market and holding discussions on crypto-specific legislation.
Bank of Korea Halts CBDC Project as Government Submits Stablecoin Bill: Report
The project had reached the stage of developing a pilot program together with participating banks.
7-Eleven Begins Accepting Bank of Korea’s Digital Currency in CBDC Trial
Customers at 7-Eleven stores in South Korea can now pay using the Bank of Korea’s digital currency with a 10% discount to incentivize adoption.
Bank of Korea Governor Sees CBDC Introduction as Case for 'Urgency:' Report
Stablecoins' widespread usage and frequent instability could reduce the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials
The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.
South Korea’s Central Bank Wants to Oversee Stablecoins
The country joins other jurisdictions in proposing standards for stablecoin issuance.
South Korea Must Reverse Ineffective Ban on Crypto ICOs, Central Bank Says
The Bank of Korea says companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.
Samsung Plans to Participate in South Korea’s CBDC Pilot
Samsung Electronics will reportedly take part in the Bank of Korea (BOK)'s central bank digital currency (CBDC) pilot with a focus on remittances. The electronics giant plans to test the functionality of the pilot with its Galaxy smartphone and look at whether transactions can be completed without internet availability. "The Hash" squad discusses the implications for tech innovation in the crypto space in South Korea, which was once hailed as the next global blockchain hub.
Bank of Korea Chooses Ground X as Supplier for CBDC Pilot: Report
South Korea's central bank has picked a blockchain subsidiary of internet giant Kakao.
3 Firms Vie to Develop South Korea's CBDC Pilot
BOK will base its evaluation on the technological capacity of each firm.
