Bank of Korea

South Korea passes bill aimed at protecting consumers a year after Terra’s collapse
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7 July, 2023

South Korea passes bill aimed at protecting consumers a year after Terra’s collapse

The latest bill comes with severe consequences for breachers but pundits claimed that the regulation is stuck in the perspective...
Singapore central bank’s white paper explores standards, use cases for digital money
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26 June, 2023

Singapore central bank’s white paper explores standards, use cases for digital money

Singapore believes digital money would be key in revitalizing the future of the financial and payments sector, laying out standard...
In South Korea, a power tussle is brewing for right to regulate digital assets
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21 May, 2023

In South Korea, a power tussle is brewing for right to regulate digital assets

Bank of Korea argues it has the right to access data of VASPs due to the risks tied to offering...
Bank of Korea taps Samsung to spearhead offline CBDC research
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19 May, 2023

Bank of Korea taps Samsung to spearhead offline CBDC research

The partnership between Samsung and the Bank of Korea entails experimenting with offline payment functionality for CBDC, including studying the...
Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude
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26 April, 2023

Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude

To promote transparency and protect users in the digital asset space, South Korea is giving its central bank the power...
South Korea central bank pushes for stablecoin regulation
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11 December, 2022

South Korea central bank pushes for stablecoin regulation

Bank of Korea stated that stablecoins pegged to foreign currencies have to comply with the foreign exchange laws of South...
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