As South Korea navigates the intricate waters of digital finance, the rivalry between stablecoins and central bank digital currencies (CBDCs) has emerged as a defining theme. With delays gripping the…

In a groundbreaking move, South Korea has lifted a 14-year ban on its domestic institutions’ investment in foreign currency-denominated bonds, reintroducing kimchi bonds as part of a larger strategy to…

Paxos has made a significant leap into the European cryptocurrency landscape with the launch of its Global Dollar stablecoin (USDG), adhering to the newly introduced Markets in Crypto-Assets (MiCA) regulations.…

In a startling shift that could reshape the future of digital currencies in the region, South Korea’s central bank has officially paused its central bank digital currency (CBDC) project, signaling…

As global finance evolves, significant changes are reshaping the landscape of cryptocurrency and traditional banking. From South Korea’s shift on digital currencies to Canada’s strategic withdrawal of a digital service…

The Bank of Korea has officially suspended its ambitious central bank digital currency (CBDC) initiative, known as ‘Project Han River,’ due to overwhelming financial concerns from participating banks. As the…

As the world increasingly embraces digital assets, the unification of payment systems across borders is on the horizon. In a recent discussion at J.P. Morgan, Naveen Mallela, Global Co-Head of…

The Bank of Korea (BOK) has made a pivotal decision to pause its ambitious wholesale Central Bank Digital Currency (CBDC) initiative and tokenized deposit project, known as Project Han River.…

In a surprising twist for the financial landscape, South Korea’s central bank, the Bank of Korea (BOK), has decided to halt its Central Bank Digital Currency (CBDC) trials. The shift…

In a surprising pivot from its earlier ambitions of a Central Bank Digital Currency (CBDC), South Korea is making significant strides towards the regulation of stablecoins. This move not only…