Korea

South Korea Takes Major Step towards Cryptocurrency Transparency: 5,800 Officials to Disclose Holdings in 2024

admin5 months ago05 mins

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…

Korea Fund: Accumulate On Stronger Export Data (NYSE:KF)

admin5 months ago011 mins

VDCM image Opportunity Overview South Korean equities have rallied slightly on the back of more positive economic data in the country in the past two months. Export growth has picked up again, which could bode well for the market. Data by YCharts The Korea Fund (NYSE:KF) has slightly outperformed emerging market equities in the past…

Bank of Korea to Involve 100K Citizens in CBDC Testing

admin6 months ago04 mins

The Bank of Korea will be looking to use the pilot stage of its CBDC to determine things such as acceptability and ease of use. South Korea, through its apex bank – The Bank of Korea (BOK) – has revealed its plans to begin testing its central bank digital currency (CBDC) in 2024. A local…

South Korea to Start Wholesale CBDC Testing This Year

admin8 months ago07 mins

Aside from the commercial bank, the Bank for International Settlements (BIS) will participate in the pilot to provide technical guidance and expertise to users. South Korea has become the newest country to conduct a pilot program to explore the technical infrastructure necessary for a central bank digital currency (CBDC). On October 4, the Bank of…

South Korea Legislators Plans to Submit Bill to Track and Neutralize Digital Assets Stolen by North Korea Hackers

admin9 months ago05 mins

The North Korean government is said to sponsor hackers to steal digital assets and fund its military operations, with on-chain analysis suggesting they have siphoned over $2 billion since 2018. The Republic of Korea (South Korea) is reportedly working on a bill to track and seize digital assets stolen by hackers from North Korea. According…

Bank of Korea to Explore CBDC Testing in Selected Regions Outside Seoul

admin10 months ago06 mins

While the CBDC testing is scheduled for next year, the road to CBDC implementation is not without its challenges. The Bank of Korea (BoK) is making headway in its quest to develop and test its central bank digital currency (CBDC). According to a new report from the country’s local news outlet, the bank has selected…

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South Korea Takes Major Step towards Cryptocurrency Transparency: 5,800 Officials to Disclose Holdings in 2024

Korea Fund: Accumulate On Stronger Export Data (NYSE:KF)

Bank of Korea to Involve 100K Citizens in CBDC Testing

South Korea to Start Wholesale CBDC Testing This Year

South Korea Legislators Plans to Submit Bill to Track and Neutralize Digital Assets Stolen by North Korea Hackers

Bank of Korea to Explore CBDC Testing in Selected Regions Outside Seoul