The Bank of Korea is reportedly suspending its digital currency program amid increased stablecoin enthusiasm. The central bank (BOK) has paused preparations for the next phase of its digital won program, Bloomberg News reported Monday (June 30), citing comments from a bank official. According to Bloomberg, the decision...
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins. The central bank’s senior deputy governor said Tuesday (June 24) that this slow rollout should begin with tightly regulated commercial banks. “It is desirable to first allow banks, which are under a high level of...
The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this discovery when working on its Project Mandala, a collaboration with four central banks. “Mandala is pioneering the compliance-by-design approach to...
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 with seven central banks — including the Federal Reserve Bank of New York — to test tokenization in a bid to improve cross-border payments....
April 03, 2024
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 with seven central banks — including the Federal Reserve Bank of New York — to test tokenization in a bid to improve cross-border payments. In addition, Project Agorá, as the initiative is known, will […]
April 21, 2026
Is South Korea prioritizing central bank digital currencies (CBDCs) over stablecoins? As CoinDesk notes in a report Tuesday (April 21), the new governor of the country’s central bank used his first address in office to focus on the former while making no mention of the latter. Shin Hyun-song discussed the Bank of Korea’s ongoing retail CBDC and deposit-token pilot, […]
June 30, 2025
The Bank of Korea is reportedly suspending its digital currency program amid increased stablecoin enthusiasm. The central bank (BOK) has paused preparations for the next phase of its digital won program, Bloomberg...
June 24, 2025
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins. The central bank’s senior deputy governor said Tuesday (June 24) that this slow rollout should begin with tightly regulated commercial...
October 29, 2024
The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this discovery when working on its...