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Bank of Korea
Korea Faces A Tough Year Ahead, But BOK Head Believes Monetary Easing Isn't A Silver Bullet
South Korea’s central bank governor emphasized on Thursday that monetary policy easing would require a flexible approach this year due to significant political and economic uncertainties.
XingChi
Jan 03, 2025 3:04 am
Lazarus Group, Linked to North Korea, Responsible for 20% of 2023's Crypto Theft
he Lazarus Group, associated with North Korea, caused over $300 million in losses through crypto hacking incidents in 2023.
Zoey
Dec 15, 2023 5:59 am
Singapore's Central Bank Head Predicts Exit of Private Cryptocurrencies
Singapore's central bank head forecasts the decline of private cryptocurrencies for their unreliability. He envisions a future with regulated coins and central bank digital currencies, echoed by Rao, from India's Reserve Bank. The FSB flags risks from complex crypto firms, emphasising the need for robust regulations. The shift towards regulated digital currencies is clear, yet strong oversight remains crucial.
Joy
Nov 29, 2023 3:00 am
Korean FSC Plans to Stamp Out Virtual Asset Money Laundering
The FSC will purportedly provide policy support, encouraging periodic capability evaluations for companies to enhance their anti-money laundering measures.
Brian
Nov 28, 2023 7:22 am
South Korea Launches CBDC Pilot Program for Digital Won
South Korea's move towards CBDC implementation signifies a notable step in the evolution of digital currencies. While the pilot program is poised to bring about positive changes, it is crucial to navigate potential challenges and ensure a secure and efficient financial landscape.
Bernice
Nov 25, 2023 2:23 am
Unlocking the Digital Won: Bank of Korea's Thrilling CBDC Pilot with 100,000 Citizens
Bank of Korea pioneers a revolutionary CBDC pilot involving 100,000 citizens, marking a significant step towards the Digital Won era.
Hui Xin
Nov 24, 2023 2:29 am
South Korea Mandates Politicians to Disclose Crypto Holdings
South Korea enforces a mandatory disclosure of cryptocurrency holdings for politicians, promoting transparency in the financial portfolios of public figures.
Hui Xin
Nov 15, 2023 7:00 am
Bank of America Records Unrealised Losses of $131.6 Billion in Securities
This revelation has sparked concern and caution among investors, primarily due to the ongoing challenges posed by inflation and market volatility. Despite these substantial unrealised losses, the bank still manages to maintain high-profit margins thanks to its attractive interest rates.
Jasper
Oct 19, 2023 7:41 am
European Central Bank Announces Next Step of Digital Euro Initiative
This follows an investigation stage initiated in October 2021, and a proposal outlined in June 2023.
Brian
Oct 18, 2023 3:04 pm
South Korea Pursues Death Penalty for Crypto-Linked Murder
Four suspects in South Korean cryptocurrency-linked murder case face possible capital sentence.
Hui Xin
Oct 17, 2023 3:27 am
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Governor of the Bank of Korea: The value of unregulated stablecoins is unstable and may affect the stability of the financial system
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Nov 30
Bank of Korea Announces Retail CBDC Pilot Program for 100,000 Citizens
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Nov 23
The Bank of Korea will invite 100,000 citizens to participate in CBDC pilot in 2024
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Bank of Korea and Korea Exchange to Pilot CBDC Application in Carbon Credit Market
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The Bank of Korea and Korea Exchange will test the application of CBDC in the carbon credit market
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Oct 05
Bank of Korea: There is no need to quickly promote the issuance of CBDC
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