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Bank of Korea Governor Says Crypto as a Payment Option is Limited

BOK Governor Not Impressed With Crypto According to a report from local news outlet KBS on Thursday (April 15, 2021), the BOK Governor seems not...

Shinhan Bank and LG CNS CBDC Platform Development Scenario

Shinhan Bank and LG CNS CBDC Platform Development Scenario Recently, the central bank, the Bank of Korea, is anticipating a pilot test of digital currency...

CBDCs Will Reduce Demand for Bitcoin, Says South Korea Central Bank Chief

Bank of Korea Governor Lee Ju-yeol said when central bank digital currencies (CBDCs) are introduced, the demand for existing cryptocurrencies like bitcoin will fade....

Bank of Korea Chief on CBDC: Better Right Than Fast

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...

(Part 1) What if a CBDC was issued in Korea?

If the use of CBDC spreads, bank deposits are likely to decline. E-money payments are more convenient than cash, and in Korea, there is...

Bank of Korea plans cryptocurrency (CBDC) testing in 2021

The Bank of Korea (BOK) announced plans of doing a test run on the issuance and circulation of the planned central bank digital currency...

The Bank of Korea conducts research on central bank digital currency (CBDC) including personal...

ZDNet Korea reported that the Bank of Korea is studying ways to use central bank digital currency (CBDC) for personal remittance and online and...

The Blue House Is Taking Initiatives To Position South Korea As A Blockchain Hub

Cheongwadae—also known as the “Blue House” for its blue roof—is the official residence and executive office for the President of South Korea. In a...
The Bank of Korea

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...

South Korea Edges Closer to CBDC Rollout Without Any Comitment

The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital...

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