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Bank of Korea to Launch CBDC Payment Trial in Supermarkets

[Sep 22 8:30 AM] South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants…

Bank of Korea Governor Sees CBDC Introduction as Case for 'Urgency:' Report

[Dec 15, 2023 8:47 AM] Stablecoins' widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.

Bank of Korea and BIS Prepare Wholesale CBDC Pilot

[Oct 7, 2023 4:30 AM] The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank…

Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials

[Jun 21, 2023 8:26 AM] The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.

Bank of Korea given right to investigate local crypto firms: Report

[Apr 23, 2023 10:28 PM] The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country.

Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition

[Apr 22, 2023 1:00 AM] The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central…

Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China

[Jan 10, 2023 4:30 PM] A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a…