South Korea’s central bank concludes first stage of CBDC pilot, says more trial runs required
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South Korea’s central bank, the Bank of Korea, announced on January 24 that it has completed the first stage of its pilot program on central bank digital currency that started in August last year….
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The Banca di Corea (BOK) clarified its position regarding the inclusion of Bitcoin (BTC) in national foreign exchange reserves. In response to a question posed by a member of the Comitato per la Strategia e le Finanze dell’Assemblea Nazionale, the central bank specified that it has never considered adopting BTC…
Key Highlights The BOK recommends limiting won-denominated stablecoin issuance to commercial banks. The central bank’s renewed caution follows an incident where Bithumb erroneously distributed $40 billion in “ghost” Bitcoin. The BOK’s stance complicates President Lee Jae Myung’s deregulation agenda as lawmakers aim to submit a digital asset framework bill by…