2020-6-16 19:07 |
South Korea’s central bank, the Bank of Korea (BOK) has set up a legal advisory committee that will look into any possible regulatory roadblocks when issuing its planned central bank digital currency (CBDC). origin »
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NongHyup Bank revealed that the leading banks in South Korea, including Industrial Bank of Korea, Shinhan Bank, and Woori Bank, have joined its consortium for security token offerings.
2023-6-16 19:44 | |
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Tech giant Samsung has revealed that it will take part in the central bank digital currency pilot project by the Bank of Korea. Samsung Joins BOK Digital Currency Pilot Project This latest development was revealed by the local news outlet The Korea Times on August 12, 2021.
2021-8-13 23:00 | |
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South Korea’s central bank, the Bank of Korea (BOK), has selected Ground X, the blockchain subsidiary of internet company giant Kakao, to work with the BOK on its central bank digital currency (CBDC) project.
2021-7-21 23:00 | |
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The Bank of Korea (BOK), South Korea’s Central bank is looking to research the usefulness of launching a central bank digital currency (CBDC) through a mock test, although the apex bank is not keen on issuing a sovereign digital currency.
2021-5-25 23:00 | |
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South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system.
2021-5-15 05:00 | |
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The head of the Bank of Korea (BoK), Lee Ju-yeol, recently put forward the…
The post Bank of Korea chief claims crypto assets lack intrinsic value appeared first on Coin Journal.
2021-2-25 14:54 | |
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South Korea’s central bank, Bank of Korea (BOK) which had earlier established a central bank digital currency (CBDC) pilot program, has now announced that it planned to speed up the process by startThe post Bank of Korea to begin testing CBDC appeared first on AMBCrypto.
2020-10-8 19:22 | |
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South Korea’s central bank has disclosed details for a proposed consulting partnership as part of its second stage of preparation for launching a central bank digital currency (CBDC). According to the Bank of Korea (BOK), the desired consulting partner will be a local firm that will help the BOK build the architecture for the proposed […] The post Bank of Korea Set to Select CBDC Pilot Program Consulting Partner appeared first on BeInCrypto.
2020-9-1 10:00 | |
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KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office.
2020-8-9 06:30 | |
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The Bank of Korea (BOK), the central bank of South Korea, is working on a proof-of-concept (POC) for a blockchain-based bonds issuance system for the region’s bond market, according to a report by Yonhap Infomax on February 18, 2020.
2020-2-20 12:00 | |
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Bank of Korea sees no need to generate a Central Bank Digital Currency (CBDC), an official shared the regulator’s position. Despite the overwhelming presence of cryptocurrency projects in South Korea, the country’s central bank is skeptical of the drive for CBDCs.
2020-2-7 17:00 | |
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The central bank of South Korea is hiring a group of experts that will be working in order to analyze cryptocurrencies and to expand the bank’s knowledge of virtual currencies. The information was released by the Bank of Korea in a document on December 27.
2019-12-28 20:09 | |
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South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial stability. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a […] The post South Korea’s Central Bank Says CBDCs Will Disrupt Financial Stability appeared first on Bitcoin News.
2019-2-7 16:40 | |
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South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial integrity. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a […] The post South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity appeared first on Bitcoin News.
2019-2-7 16:40 | |
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South Korea’s two largest crypto exchanges UPbit and Gopax are backed by the country’s biggest bank and internet company Shinhan Bank and Kakao. Importance of Shinhan Bank’s Involvement The vast majority of investors in South Korea are already well aware that the country’s major crypto exchanges are financed and operated by some of the largest.
2018-8-6 13:14 | |
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On Monday, the Bank of Korea [BOK] said that it has no plans of issuing Central Bank Digital Currency [CBDC] fearing ‘moral hazard to society’. The BOK is the central bank of the Republic of Korea, and is the sole authority that can issue the South Korean won.
2018-6-21 00:28 | |
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The central bank of South Korea prefers to stay away from the uncharted territory of sovereign digital currency to avoid potential risks to monetary policy and financial stability.
2018-6-19 11:11 | |
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South Korea’s central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy. According to The Korea Times on Monday, the BoK said that issuing a central bank digital currency (CBDC) could pose a “moral hazard” by adversely affecting monetary policy and its implementation, and possibly
2018-6-19 23:06 | |
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South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.
2018-6-19 19:15 | |
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Regulation As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance.
2018-6-18 10:37 | |
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The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion.
2018-6-17 12:50 | |
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South Korea’s financial watchdog has committed to issuing clear rules for institutional crypto investment, with a phased rollout starting in April. South Korea‘s Financial Services Commission is moving forward with plans to allow institutional investors into the crypto market, with…
South Korea’s central bank is reportedly set to launch a real transaction test for its central bank digital currency this month, involving 100,000 consumers and seven banks. South Korea is set to begin real-world testing of its CBDC in March,…
ELX crypto surged by as high as 68% in the past 24 hours of trading ahead of a listing on South Korean crypto exchange Bithumb. According to data from CoinGecko, Elixir’s (ELX) rallied to an all-time high of $0.726 on…
South Korea’s Financial Intelligence Unit wants to strengthen anti-money laundering measures, specifically by enhancing ways to monitor crypto transactions. On March 5, the FIU revealed a number of strategies to prevent money laundering at the AML Inspection Trustee Council, according…
The Seoul Southern District Prosecutors’ Office has launched a formal joint investigation unit that exclusively tackles crypto-related crimes and fraud cases. According to a report by Aju News, the department is named the Seoul Southern District Prosecutors’ Office-run Joint Investigation…
Police in Jeju, South Korea, are investigating the murder of a Chinese national believed to have been killed during a cryptocurrency transaction. Jeju West Police Station announced that four Chinese nationals—two women and two men, including one in his 60s…
South Korea plans to gradually allow corporations to begin trading crypto, according to the latest announcement by the Financial Services Commission. On Feb. 13, the SFC released a press release in which it outlined a phased lift on a ban…