Bank of Korea

Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
April 03, 2024  |  Cross-border Payments

Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem...

READ MORE >
Bank of Korea to Launch Retail CBDC Pilot Program
Bank of Korea to Launch Retail CBDC Pilot Program
November 30, 2023  |  Cryptocurrency

The Bank of Korea plans to launch a pilot program for its retail central bank digital currency (CBDC) in the fourth quarter of 2024. The program will...

READ MORE >
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
October 05, 2023  |  Banking

The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and...

READ MORE >
Samsung and Bank of Korea Collaborate on Offline CBDC
Samsung and Bank of Korea Collaborate on Offline CBDC
May 16, 2023  |  CBDC

Samsung is reportedly working with the Bank of Korea on a central bank digital currency (CBDC). The consumer tech firm has signed an agreement known as a memorandum...

READ MORE >
CBDC Weekly: Digital Euro Could Launch in Four Years; Chile Looks Ahead; SWIFT Wants CBDC Business
CBDC Weekly: Digital Euro Could Launch in Four Years; Chile Looks Ahead; SWIFT Wants CBDC...
May 23, 2022  |  CBDC

A digital euro could be as little as four years off, according to a top European Union official. And when an EU central bank digital...

READ MORE >
Samsung, Bank Of Korea Eye CBDCs Loaded On Phones
Samsung, Bank Of Korea Eye CBDCs Loaded On Phones
August 16, 2021  |  Cryptocurrency

To get your digital currency into the hands of millions, make the point of interaction as familiar, as broad and as wide as possible. The...

READ MORE >
Bitcoin Daily: S. Korea Bank Chief Says CBCDs Will Impact Crypto Demand
Bitcoin Daily: S. Korea Bank Chief Says CBCDs Will Impact Crypto Demand
March 28, 2021  |  Bitcoin

Bank of Korea Governor Lee Ju-yeol said he doesn’t think cryptocurrencies will be in such high demand once central bank digital currencies (CBDCs) are introduced,...

READ MORE >
South Korea’s Shinhan Bank Demos CBDC Platform
South Korea’s Shinhan Bank Demos CBDC Platform
March 10, 2021  |  International

South Korea-based Shinhan Bank has built a pilot program for a potential central bank digital currency (CBDC), CoinDesk reported. The bank, which is headquartered in...

READ MORE >
Bitcoin Daily: Bitcoin Rises Above $44,000; Bank Of Korea Gives CBDCs And Cash Same Legal Status
Bitcoin Daily: Bitcoin Rises Above $44,000; Bank Of Korea Gives CBDCs And Cash Same Legal...
February 08, 2021  |  Bitcoin

Bitcoin shot above $44,000 on Monday (Feb. 8), after Tesla revealed in a filing that it had purchased $1.5 billion of bitcoin, CNBC reported. Tesla...

READ MORE >