South Korea’s CBDC Trials Stumble as Banks Push Back Over Costs
South Korea’s digital currency project is in jeopardy after participating banks protested the high costs, prompting the central bank to postpone further testing.
Bank of Korea Calls for Phased Stablecoin Implementation, Starting with Banks
The Bank of Korea (BOK) has proposed a structured framework for stablecoin issuance, with regulated banks serving as the initial gatekeepers.
South Korean Regulators Propose Crypto ETF Roadmap, But Final Rules Pending
South Korea’s Financial Services Commission (FSC) has drafted a plan to permit spot crypto ETFs, with implementation expected in late 2025.
South Korea Advances Stablecoin Legalization with New Crypto Bill
South Korea’s newly elected president, Lee Jae-myung, is pushing forward with his campaign pledge to authorize the issuance of domestic stablecoins, as his party introduces a new cryptocurrency bill.
South Korea Chooses Crypto Over Conservatism in Historic Election
In a decisive rebuke to political instability, South Korean voters elected pro-crypto reformist Lee Jae-myung as president.
South Korea Enhances Crypto Regulations in Advance of Institutional Entry
South Korea is tightening its regulations on digital asset transactions as it prepares for institutional players to enter the crypto market.
Won-Based Stablecoin Proposal by South Korea’s Democratic Leader Targets Capital Outflows
Lee Jae-myung, leader of South Korea’s Democratic Party, has recommended creating a stablecoin tied to the Korean won to tackle capital outflows and reinforce national financial sovereignty.
