Tag: BOK
Korea central bank takes charge of investigating crypto
In a significant development for the South Korean cryptocurrency market, the Bank of Korea (BOK) is set to take the lead in investigating virtual...
Samsung confirms support for digital currency
The BOK began the CBDC pilot program July 28, co-managed by Ground X, a blockchain affiliate of messengerplatform giant, Kakao.
"Samsung Electronics has recently decided...
South Korea’s forward-thinking digital currency pilot program
Over the last decade South Korea has moved further along a path towards digital transactions. Cash usage has fallen from 66 per cent of...
Bank of Korea Says Crypto “Can Transform Financial Paradigms”
On August 8, the Bank of Korea (BOK) has acknowledged that blockchains and decentralized platforms have ‘the potential to change financial paradigms’.
According to reports,...
Bank Of Korea acknowledges usefulness of ‘stablecoins’
The country's central bank didn't deny the role of "stablecoins" in terms of their availability in monetary transactions, the Bank of Korea (BOK) said...
Bank of Korea Chooses Ground X as Supplier for CBDC Pilot
The Bank of Korea (BOK) has chosen its preferred supplier to build a pilot platform for its central bank digital currency (CBDC) pilot.
South...
3 Firms Vie to Develop South Korea’s CBDC Pilot
Three South Korean firms will compete for the chance to develop the central bank’s digital currency (CBDC) pilot.
The Bank of Korea (BOK) confirmed on...
The CBDC Direction of Korea Central Bank
South Korea’s central bank is moving ahead with research into digital currencies and has set up a legal panel to advise on possible regulatory...
[Part2] Korea Government’s Monetary and Fiscal Policy Under the Covid-19 Pandemic
2. A further interest rate cut and quantitative easing by the BOK
To cut it short, the BOK should cut its base interest rate close...
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Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
