Korea’s central bank to hire additional experts to research digital currencies

The Bank of Korea, South Korea’s central bank, is set to recruit additional experts to research digital currencies.

The move is aimed at strengthening the country’s payment and settlement system, the central bank announced Friday in its "Monetary Policy for 2020” document.

The Bank of Korea added that it would continue to build on the research into blockchain technology, cryptocurrencies and central bank digital currency (CBDC) to “play an active role as overseer to enhance security of the settlement systems.”

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy