South Korea’s central financial institution (BOK) introduced the 2022 cost and settlement programs report. Programs upkeep was efficiently accomplished, the report stated statedit’s getting ready for the longer term with a central financial institution digital forex (CBDC) and is broadly discussing the regulation of stablecoins.
The BOK-Wire+ quick cost system will likely be upgraded to Actual-Time Settlements (RTGS) and has adopted the ISO 20022 normal, which is predicted to be applied in 2028, the report stated. The financial institution may even improve oversight of Large Tech cost providers and improve its potential to answer “IT operational dangers.”
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