To promote transparency and protect users in the digital asset space, South Korea is giving its central bank the power...
Bank of Korea stated that stablecoins pegged to foreign currencies have to comply with the foreign exchange laws of South...
The Bank of Korea published a report revealing that its simulations of a digital won had proven Ethereum isn’t scalable...
The central bank stated its intention in a paper it published reviewing the EU's Markets in Crypto Assets Act (MiCA),...
The Bank of Korea has invited at least ten commercial banks, including Shinhan Bank and NH Nonghyup Bank, to be...
The pilot, which began at the end of July, aims to build a platform for supporting a central bank digital...
The pilot is to take part over two stages, with the initial basic testing phase set to conclude by December...
Bank of Korea has opened an open bidding process as it seeks to team up with a technology supplier as...
Shinhan Bank is hoping to collaborate with the central bank with the blockchain-powered platform, in order to assist with the...
The Bank of Korea has said central bank digital currencies are not virtual assets, but an alternative form of fiat...
The Bank of Korea will begin pilot transactions in 2021 to determine the feasibility of rolling out a digital currency...
Bank of Korea is looking for a firm to partner with on the CBDC’s second phase which involves building the...