The South Korean central financial institution (BOK) has revealed its 2022 report on fee and settlement techniques. The system monitoring was efficiently accomplished, the report mentionedand he prepares for a future with central financial institution digital foreign money (CBDC) and extensively discusses the regulation of stablecoins.
The BOK-Wire+ quick fee system can be upgraded to real-time gross settlement (RTGS) and has handed ISO 20022 commonplace, which is predicted to be carried out in 2028, in line with the report. The financial institution will even strengthen oversight of “Massive Tech” fee providers and construct capability to reply to “IT operational danger”.
Proceed studying on Coin Telegraph
