Republic of Korea: Adopted BOK, FSC, and MSIT MoU on pilot project for digital financial services using CBDC and tokenised deposits
Description
Adopted BOK, FSC, and MSIT MoU on pilot project for digital financial services using CBDC and tokenised deposits
On 6 November 2024, the Bank of Korea (BOK), Financial Services Commission (FSC), and Ministry of Science and ICT (MSIT) signed a Memorandum of Understanding (MoU) on the Pilot Project for Digital Financial Services Using CBDC and Tokenised Deposits…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government