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Bank of Korea

Bank of Korea: Treat CBDCs as fiat, not virtual assets
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13 February, 2021

Bank of Korea: Treat CBDCs as fiat, not virtual assets

The Bank of Korea has said central bank digital currencies are not virtual assets, but an alternative form of fiat...
South Korea central bank to begin testing digital currency in 2021
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12 October, 2020

South Korea central bank to begin testing digital currency in 2021

The Bank of Korea will begin pilot transactions in 2021 to determine the feasibility of rolling out a digital currency...
South Korea central bank seeks partner to build its CBDC architecture
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3 September, 2020

South Korea central bank seeks partner to build its CBDC architecture

Bank of Korea is looking for a firm to partner with on the CBDC’s second phase which involves building the...
Korean central bank launches blockchain and AI department
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26 July, 2020

Korean central bank launches blockchain and AI department

Bank of Korea is seeking to step up its digitalization efforts with the launch of a new department that will...
South Korea assembles advisory group to prepare for digital won
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16 June, 2020

South Korea assembles advisory group to prepare for digital won

The panel will decide which laws may need to be amended to guarantee a smooth launch of a South Korean...
Bank of Korea eyes CBDC amid improving blockchain tech
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23 May, 2020

Bank of Korea eyes CBDC amid improving blockchain tech

Developments in payment settlements were pushing central banks towards taking a more serious look at digital currencies.
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