Bank of Korea Scales Up CBDC Pilot With Half a Million Users
In brief The Bank of Korea will launch Phase 2 of its CBDC pilot in September, expanding to nine banks and a cap of 500,000...
Tag : Korea
South Korea eyes September launch for second phase of CBDC pilot: Report
The Bank of Korea’s CBDC pilot will add two regional banks, new payment features and tests of government subsidy payments using tokenized bank deposits The...
South Korea unveils roadmap for won stablecoins and currency reforms
South Korea has unveiled a roadmap to make the Korean won a freely convertible currency, pairing foreign exchange reforms with a legal framework for won-backed...
South Korea flags 40 cases of crypto market manipulation since 2024
South Korean financial authorities investigated more than 40 cases of unfair crypto trading during the first two years of the Virtual Asset User Protection Act,...
South Korea probed 40 cases of crypto manipulation over 2 years
South Korea’s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years. According...
South Korea targets Dunamu over Upbit hack as legal gaps emerge
South Korea’s Financial Supervisory Service has begun a formal sanctions process against Dunamu, the operator of crypto exchange Upbit, over the major wallet breach reported...
South Korea to bring digital assets under new state asset management system
South Korea plans to adopt the National Asset Basic Act to update the country’s state asset management system from the outdated State Property Act of...
South Korea renews blockchain push with stablecoin law and crypto ETF plans
South Korea has reaffirmed plans to expand its blockchain and digital asset sector in the second half of 2026, pairing new blockchain initiatives with legislation...
South Korea to test tokenized government bonds with CBDC in 2027
South Korea will test tokenized government bonds linked to the Bank of Korea’s wholesale CBDC system in 2027 as token securities rules take effect. South...
South Korea tests blockchain stablecoin in first government pilot
South Korea has launched its first government-backed blockchain stablecoin pilot after Gyeonggi Province confirmed an eight-month proof-of-concept program scheduled to begin in August. Summary Gyeonggi...