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14 August 2020

South Korea: Central Bank Conducts Research Into Global Adoption of CBDCs

South Korea: Central Bank Conducts Research Into Global Adoption of CBDCs


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The South Korea central bank, the Bank of Korea (BoK) recently released a paper detailing its research into the adoption and advancement of central bank digital currency (CBDC) across different central banks globally.

In areportby the Bank of Korea published on Monday (May 18, 2020) the central bank carried out research into the development of CBDCs across 14 central banks globally.

While some central banks with robust payments and settlement systems researched CBDCs for macro payments, other apex banks studied CBDC for micro-payments. .

Apart from investigating the development of CBDCs globally, South Korea’s central bank is also looking to gathering information from various central banks globally regarding CBDC

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