2018-6-19 11:11 |
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.
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South Korea’s central bank digital currency project has been put on hold as the regulators turn their attention to fast-tracking the issuance of won-backed stablecoins. According to a Bloomberg report citing an unnamed Bank of Korea official, the central bank…
2025-6-30 09:00 | |
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South Korea’s central bank said it should have legal authority over the approval of won-based stablecoins, warning they could disrupt monetary policy if treated like legal tender. The Bank of Korea, South Korea‘s central bank, said monetary authorities must be…
2025-5-13 14:48 | |
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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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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).
2020-6-16 19:07 | |
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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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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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Some of the best nights as adults are spent around a table battling it out against friends and family in a good board game night. Whether you are looking to The post 5 Best Board Games For Adults appeared first on CryptoNinjas.
Fireblocks has integrated the Stacks network, enabling its 2,400+ institutional clients to access Bitcoin DeFi protocols for lending, staking, and earning yields without selling BTC holdings. The post Fireblocks Announces Native Bitcoin DeFi Support With Stacks Integration appeared first on Coinspeaker.
Key Takeaways: Hyperliquid just provided institutions with an opportunity to access on-chain derivative liquidity via Ripple Prime. The new arrangement will allow users to cross-margin their crypto with all other The post Ripple Prime Partners with Hyperliquid to Open On-chain Derivatives to Big Players appeared first on CryptoNinjas.
Fidelity Digital Assets has officially entered the stablecoin market with the launch of FIDD, a U. S. dollar-backed digital currency designed to serve both institutional and retail users. This launch reinforces Fidelity’s ongoing commitment to digital asset innovation while bridging traditional finance with on-chain markets.
Ripple Prime has taken a major step toward unifying decentralized finance and traditional institutional trading by integrating the decentralized derivatives exchange Hyperliquid into its prime brokerage platform.
Key Takeaways: Put simply, a ransome mail requesting Bitcoin worth millions dollars appeared in a kidnap in the U.S. Meanwhile, police and authorities are scanning through reports and coordinating with The post Bitcoin Ransom Shock: Alleged Millions BTC Demand Surfaces in Nancy Guthrie Case Twist appeared first on CryptoNinjas.
Key Takeaways: Crypto. com unveiled OG, a new prediction market platform focusing on sports and other events First 1 million users can receive the reward of up to $500, showing that The post Crypto.