Bank of Korea

6 results about this entity

Period: 10 Jan 2017 - 28 Oct 2024

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Central banks prove use case for embedding compliance into cross-border transactions

/regulation

Central banks prove use case for embedding compliance into cross-border transactions

The Bank for International Settlements (BIS) along with central banks in Australia, Korea, Malaysia and Singapore have successfully demonstrated the feasibility of embedding regulatory compliance requirements with cross-border financial transactions.

Central banks explore tokenisation of cross-border payments

/payments

Central banks explore tokenisation of cross-border payments

A collection of seven central banks are working with the Bank for International Settlements to explore tokenisation of cross-border payments.

South Korea preps 100,000 person-strong CBDC pilot

/crypto

South Korea preps 100,000 person-strong CBDC pilot

South Korea is preparing a central bank digital currency (CBDC) pilot that will involve 100,000 people, according to local press reports.

Central banks bid to embed compliance requirements into real-time transactions

/regulation

Central banks bid to embed compliance requirements into real-time transactions

The Bank for International Settlements, along with the central banks of Australia, Korea, Malaysis and Singapore, is exploring the possibility of embedding regulatory requirements into cross-border transactions.

South Korea makes coinless society push

South Korea makes coinless society push

As it bids to become a coinless society by 2020, South Korea is preparing a pilot that will give shoppers the chance to receive their change in the form of a top-up to prepaid cards.

Korea lays down plans for a 'coinless society'

Korea lays down plans for a 'coinless society'

Korea's Central Bank has outlined plans to pursue a 'coinless society' project by piloting a service that allows customers to receive small change from merchants as a top-up onto a pre-paid card.

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