• EY Samsung bid digital won
    Cryptocurrencies,  Politics

    EY and Samsung only bidder for South Korea’s digital won project

    The Bank of Korea has extended the deadline for bids on the contract to build and test a central bank digital currency

    That deadline was extended until Oct. 29 after it received only one bid, from the EY Hanyoung Consortium, a group led by big four auditing firm Ernst & Young, SDNet South Korea reported on Oct. 20.

  • South Korean digital won
    Cryptocurrencies,  Regulation

    South Korean digital won testing advances

    South Korea’s central bank will distribute an experimental digital currency and oversee its circulation, but is still not sure if it will deploy the digital currency

    Bank of Korea’s distribution and circulation test is the final part of a three-phase digital currency pilot program. During this stage, the central bank will distribute its central bank digital currency CBDC and oversee its circulation.