PYMNTS-MonitorEdge-May-2024

Bank of Korea

BIS: Regulatory Compliance Can Be Embedded in Cross-Border Protocols
BIS: Regulatory Compliance Can Be Embedded in Cross-Border Protocols
October 29, 2024  |  Cross Border Commerce

The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this...

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Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
April 03, 2024  |  Cross-border Payments

Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem...

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Bank of Korea to Launch Retail CBDC Pilot Program
Bank of Korea to Launch Retail CBDC Pilot Program
November 30, 2023  |  Cryptocurrency

The Bank of Korea plans to launch a pilot program for its retail central bank digital currency (CBDC) in the fourth quarter of 2024. The program will...

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Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
October 05, 2023  |  Banking

The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and...

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Samsung and Bank of Korea Collaborate on Offline CBDC
Samsung and Bank of Korea Collaborate on Offline CBDC
May 16, 2023  |  CBDC

Samsung is reportedly working with the Bank of Korea on a central bank digital currency (CBDC). The consumer tech firm has signed an agreement known as a memorandum...

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CBDC Weekly: Digital Euro Could Launch in Four Years; Chile Looks Ahead; SWIFT Wants CBDC Business
CBDC Weekly: Digital Euro Could Launch in Four Years; Chile Looks Ahead; SWIFT Wants CBDC...
May 23, 2022  |  CBDC

A digital euro could be as little as four years off, according to a top European Union official. And when an EU central bank digital...

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Samsung, Bank Of Korea Eye CBDCs Loaded On Phones
Samsung, Bank Of Korea Eye CBDCs Loaded On Phones
August 16, 2021  |  Cryptocurrency

To get your digital currency into the hands of millions, make the point of interaction as familiar, as broad and as wide as possible. The...

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Bitcoin Daily: S. Korea Bank Chief Says CBCDs Will Impact Crypto Demand
Bitcoin Daily: S. Korea Bank Chief Says CBCDs Will Impact Crypto Demand
March 28, 2021  |  Bitcoin

Bank of Korea Governor Lee Ju-yeol said he doesn’t think cryptocurrencies will be in such high demand once central bank digital currencies (CBDCs) are introduced,...

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South Korea’s Shinhan Bank Demos CBDC Platform
South Korea’s Shinhan Bank Demos CBDC Platform
March 10, 2021  |  International

South Korea-based Shinhan Bank has built a pilot program for a potential central bank digital currency (CBDC), CoinDesk reported. The bank, which is headquartered in...

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