Digital Won

The South Korea's Ministry of SMEs and Startups is hoping to rewrite the Korean stereotype of digital assets, by offering a proposal to recognise crypto-related business in the country as a venture company.

South Korea's move towards CBDC implementation signifies a notable step in the evolution of digital currencies. While the pilot program is poised to bring about positive changes, it is crucial to navigate potential challenges and ensure a secure and efficient financial landscape.

Bank of Korea pioneers a revolutionary CBDC pilot involving 100,000 citizens, marking a significant step towards the Digital Won era.

UK's Mini Budget unveils Digital Securities Sandbox, propelling digital asset growth. Pioneering initiative fosters innovation, regulatory balance, and positions UK as a global financial leader.

The Seoul High Court's 5th Criminal Division, under the guidance of Presiding Judge Seo Seung-ryeol, delved into an appeal hearing regarding fraud charges amounting to 110 billion won against former Chairman Lee Jeong-hoon. The prosecution urged a reconsideration of the initial ruling, pushing for an 8-year prison sentence identical to the first trial's decision.

The 100 Digitally Native Note issued by the IBRD was listed on the Luxembourg Stock Exchange.

Spain strategically positions itself within the realm of the digital euro, signaling a transformative trajectory for the financial landscape.

The Shanghai Municipal Government has unveiled a comprehensive plan, titled the "Shanghai City Action Plan for Advancing New Infrastructure Construction (2023-2026)". This initiative seeks to revolutionise the city's infrastructure and services by harnessing the potential of emerging technologies such as artificial intelligence, blockchain, 5G, and digital twins.

Metatrust and Scantist are joining forces to host an event on 31 October 2023 at Bybit's office.

Embracing blockchain for digital identity verification and the ongoing journey of 'Drex' Central Bank digital currency, with insights on progress and concerns