The central bank governor has pledged to monitor transactions of Korea's financial institutions associated with leveraged crypto trading.
The Bank of Korea is looking for a technology supplier to explore a digital currency in a test environment.
The Bank of Korea hopes to start as early as September, an official said.
Bank of Korea Governor Lee Ju-yeol says once central bank digital currencies (CBDC) are introduced, the demand for cryptocurrencies like bitcoin fall.
Bank of Korea Governor Lee Ju-yeol isn’t bullish on bitcoin, but he sees potential in a central bank digital currency (CBDC), if it’s done right. Speaking at a press conference on Thursday, Lee said that when it comes to a CBDC, it’s better to do it right than do it fast, citing the cautious approach […]
Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.
The Bank of Korea is reportedly looking to build a blockchain system for the Korean bond market.
The Bank of Korea has again poured cold water on the idea of adopting a central bank digital currency, according to remarks made by an official of the central bank.
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
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.
Nearly a quarter of South Koreans in their 20s want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea.
The Bank of Korea, South Korea's central bank, has launched a cryptocurrency task force to explore the technology's effects on the financial system.
Bank of Korea has published a new working paper that speculates on how a cryptocurrency economy would impact central banks.