South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.
The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering.
The Bank of Korea is to run virtual trials of a possible central bank digital currency through 2021.
South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.
Local officials are said to have raided Bithumb's offices for the second time in a week as part of a fraud investigation.
Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.