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Bank of Korea

Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude
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26 April, 2023

Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude

To promote transparency and protect users in the digital asset space, South Korea is giving its central bank the power...
South Korea central bank pushes for stablecoin regulation
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11 December, 2022

South Korea central bank pushes for stablecoin regulation

Bank of Korea stated that stablecoins pegged to foreign currencies have to comply with the foreign exchange laws of South...
Bank of Korea: Ethereum is insufficient as CBDC network
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11 November, 2022

Bank of Korea: Ethereum is insufficient as CBDC network

The Bank of Korea published a report revealing that its simulations of a digital won had proven Ethereum isn’t scalable...
South Korea: ICO ban likely to be lifted as Bank of Korea eyes EU’s MiCA
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2 September, 2022

South Korea: ICO ban likely to be lifted as Bank of Korea eyes EU’s MiCA

The central bank stated its intention in a paper it published reviewing the EU's Markets in Crypto Assets Act (MiCA),...
South Korea to start real-world testing of CBDC with 10 commercial banks: report
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18 July, 2022

South Korea to start real-world testing of CBDC with 10 commercial banks: report

The Bank of Korea has invited at least ten commercial banks, including Shinhan Bank and NH Nonghyup Bank, to be...
Samsung confirms participation in Bank of Korea CBDC pilot
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12 August, 2021

Samsung confirms participation in Bank of Korea CBDC pilot

The pilot, which began at the end of July, aims to build a platform for supporting a central bank digital...
Here’s how Bank of Korea’s CBDC pilot is taking shape, as explained by blockchain exec
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6 August, 2021

Here’s how Bank of Korea’s CBDC pilot is taking shape, as explained by blockchain exec

The pilot is to take part over two stages, with the initial basic testing phase set to conclude by December...
South Korea to launch digital currency pilot in August
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26 May, 2021

South Korea to launch digital currency pilot in August

Bank of Korea has opened an open bidding process as it seeks to team up with a technology supplier as...
South Korea’s Shinhan Bank trials new digital currency platform
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15 March, 2021

South Korea’s Shinhan Bank trials new digital currency platform

Shinhan Bank is hoping to collaborate with the central bank with the blockchain-powered platform, in order to assist with the...
Bank of Korea: Treat CBDCs as fiat, not virtual assets
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13 February, 2021

Bank of Korea: Treat CBDCs as fiat, not virtual assets

The Bank of Korea has said central bank digital currencies are not virtual assets, but an alternative form of fiat...
South Korea central bank to begin testing digital currency in 2021
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12 October, 2020

South Korea central bank to begin testing digital currency in 2021

The Bank of Korea will begin pilot transactions in 2021 to determine the feasibility of rolling out a digital currency...
South Korea central bank seeks partner to build its CBDC architecture
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3 September, 2020

South Korea central bank seeks partner to build its CBDC architecture

Bank of Korea is looking for a firm to partner with on the CBDC’s second phase which involves building the...