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Bank of Korea

Bank of Korea
Policy
Cbdcs
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.
Bank of Korea
By Sheldon Reback
Dec 15, 2023 at 2:47 p.m. UTC
Dec 15, 2023
CBDCsBank of Koreacentral banksSouth KoreaRecommended
(Christian Wiediger/Unsplash)
Policy
Regulations
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 di...
(Christian Wiediger/Unsplash)
By Sandali Handagama
Jun 21, 2023 at 2:26 p.m. UTC
Jun 21, 2023
RegulationsSingaporeMASIMFBank of KoreaCBDCStablecoinAmazon
A report from the Bank of Korea argues for having stablecoin issuers meet requirements on minimum capital and reserve assets. (Ciaran O'Brien/Unsplash)
Policy
Regulations
South Korea’s Central Bank Wants to Oversee Stablecoins
The country joins other jurisdictions in proposing standards for stablecoin issuance.
A report from the Bank of Korea argues for having stablecoin issuers meet requirements on minimum capital and reserve assets. (Ciaran O'Brien/Unsplash)
By Lavender Au
Dec 7, 2022 at 5:50 p.m. UTC
Dec 7, 2022
RegulationsSouth KoreaStablecoinsBank of KoreaCentral Bank
South Korea's central bank says the country's existing ICO ban is ineffective. (Jacek Malipan/EyeEm/Getty)
Policy
Regulations
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.
South Korea's central bank says the country's existing ICO ban is ineffective. (Jacek Malipan/EyeEm/Getty)
By Sandali Handagama
Aug 30, 2022 at 11:10 a.m. UTC
Aug 30, 2022
RegulationsSouth KoreaICOBank of Korea
Samsung Plans to Participate in South Korea’s CBDC Pilot
Video
Cdtv
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...
Samsung Plans to Participate in South Korea’s CBDC Pilot
By CoinDesk Staff
Aug 12, 2021 at 7:37 p.m. UTC
Aug 12, 2021
cdtvCBDCHash clipSouth KoreaSamsungcentral bank digital currencyBank of KoreaBOK
The South Korean Financial Services Commission is extending a ban on short-selling after last week's GameStop share price pump.
Markets
South korea
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.
The South Korean Financial Services Commission is extending a ban on short-selling after last week's GameStop share price pump.
By Jamie Crawley
Jul 20, 2021 at 12:12 p.m. UTC
Jul 20, 2021
South KoreaBank of KoreaGround XCBDCs
Bank of Korea
Markets
South korea
3 Firms Vie to Develop South Korea's CBDC Pilot
BOK will base its evaluation on the technological capacity of each firm.
Bank of Korea
By Felix Im
Jul 13, 2021 at 3:57 p.m. UTC
Jul 13, 2021
South KoreaBank of KoreaCBDCs
Bank of Korea building, Seoul
Markets
South korea
Bank of Korea Sees Threat to Financial System in Leveraged Crypto Trading
The central bank governor has pledged to monitor transactions of Korea's financial institutions associated with leveraged crypto trading.
Bank of Korea building, Seoul
By Jamie Crawley
May 27, 2021 at 8:34 a.m. UTC
May 27, 2021
South KoreaCentral BankRegulationBank of Korea
Bank of Korea
Markets
South korea
South Korea’s Central Bank to Choose Supplier for Digital Currency Pilot
The Bank of Korea is looking for a technology supplier to explore a digital currency in a test environment.
Bank of Korea
By Jamie Crawley
May 24, 2021 at 9:06 a.m. UTC
May 24, 2021
South KoreaCBDCBank of Korea
Bank of Korea building, Seoul
Markets
South korea
South Korea’s Central Bank Seeks Authority to Monitor Crypto Transactions: Report
The Bank of Korea hopes to start as early as September, an official said.
Bank of Korea building, Seoul
By Jamie Crawley
May 13, 2021 at 8:50 a.m. UTC
May 13, 2021
South KoreaRegulationBank of Korea