Tag Archives: Bank of Korea

By compelling influential political leaders and bureaucrats to share their virtual currency investments, South Korea hopes to heighten transparency surrounding public-sector finances. South Korea is set to begin disclosing the cryptocurrency holdings of top public officials beginning in 2024, marking a monumental push toward transparency and accountability in government services. According to an announcement from the Ministry of Personnel Management, approximately 5,800 elected officials...

Samsung and BOK will continue to explore new ways of developing a CBDC ecosystem and leverage the NFC technology to power offline CBDC payments. The latest development in the crypto space is that South Korean tech giant Samsung Electronics has decided to work with the central bank – Bank of Korea – in order to build an ecosystem for the offline payments of the central bank digital currency (CBDC). Both players have signed a memorandum of understanding (MoU) at Samsung’s headquarters in...

Südkoreas Zentralbank möchte in Zukunft das Potential der Blockchain nutzen. Die Bank of Korea, kurz BOK, plant den Einsatz der Blockchain im Bereich der Anleiheabwicklung. Das Portal Business Korea berichtete, dass die BOK eine Machbarkeitsstudie ihres Projektes am 18. Februar bestätigt hat. Die Studie soll überprüfen, ob ein Anleiheemissionssystem basierend auf der Blockchain durchführbar ist. Sie wird etwa bis zur Mitte des Jahres 2020 andauern, wobei eine bankinterne...

Over the past year, several nations or banks of nations have come forth and issued plans to create digital currencies that its residents or citizens can utilize to purchase both goods and services. Strangely, the Bank of Korea (BOK) is not one of those regions.BOK: Now Is Not the Time for a Digital CurrencyBOK, despite rumors that the area was looking to establish a stronger presence in the digital currency space through a digitized form of fiat, has come forward to explain that it’s not...