digital won News

The South Korean won has surpassed the U.S. dollar as the leading currency for trading crypto worldwide. 

South Korea’s central bank, the Bank of Korea (BOK), has selected Ground X, the blockchain subsidiary of internet company giant Kakao, to work with the BOK on its central bank digital currency (CBDC) project. Ground X to Build South Korea’s…

The Governor of the Bank of Korea (BOK) Lee Ju-yeol opined that adopting cryptocurrency as a means of payment came with limitations. The statement comes as company behemoths are including crypto as a payment option on their platforms. BOK Governor…

The Korean Central Bank Governor believes the rise of CBDC will reduce demand for bitcoin (BTC) and other cryptocurrencies. CBDCs Could Hamper Bitcoin Demand In a rather interesting remark, Lee Ju-yeol, the Governor of the Bank of Korea recently state…