Finance News – Bank Of Korea
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Bank of Korea to launch virtual asset committee to monitor crypto
The establishment of a dedicated committee by the Bank of Korea to oversee digital currencies, along with the restructuring of research teams, highlights a strategic shift toward i...
Read Full Article →Bank of Korea creates crypto asset division amid local stablecoin momentum: report
South Korea’s central bank established a new unit to oversee digital currency developments and support initiatives related to government-backed stablecoins, reflecting growing inte...
Read Full Article →Stablecoins craze pits central bank against lawmakers in South Korea
The debate in South Korea highlights tensions between government efforts to promote crypto issuance by businesses and central bank concerns about potential risks to the country's f...
Read Full Article →Bank of Korea governor warns of ‘currency chaos’ from non-bank issuance of KRW stablecoins
The Bank of Korea governor highlighted potential risks to monetary stability and exchange rate management if entities outside traditional banking are allowed to issue South Korean...
Read Full Article →Bank of Korea keeps rates steady as it assesses measures to cool Seoul's housing market
The central bank maintained interest rates to evaluate strategies aimed at managing the sharp increase in property values and the associated rise in household borrowing within Seou...
Read Full Article →South Korea halts CBDC plans, shifting focus to bank-led stablecoins
The suspension of South Korea’s central bank digital currency project signals a shift toward privately managed stablecoins, potentially altering the country’s digital payment lands...
Read Full Article →Bank of Korea pauses CBDC project as local stablecoin adoption picks up speed: report
The Bank of Korea's decision to halt its digital currency initiative reflects a strategic response to the increasing use and regulatory developments surrounding stablecoins within...
Read Full Article →Stablecoin Issuance Should Begin With Banks, Says BOK Official
Introducing stablecoin issuance through regulated banks could enhance financial stability by providing a secure framework that minimizes potential risks amid the country's evolving...
Read Full Article →Bank of Korea warns local stablecoins could boost dollar demand against presidential goals
The Bank of Korea highlights potential increases in foreign currency demand due to local stablecoins, which may challenge efforts to strengthen the domestic currency and retain cap...
Read Full Article →Bank of Korea lowers interest rates for the fourth time, flags more cuts ahead
The recent reduction in policy rates by the Bank of Korea reflects efforts to stimulate economic activity amid ongoing political challenges, signaling a potentially more accommodat...
Read Full Article →South Korea’s Democratic Party sets up ‘Digital Asset Committee’
The formation of this new group aims to influence cryptocurrency regulations and collaboration between major exchanges and regulators, potentially shaping South Korea’s digital fin...
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