South Korea refocuses CBDC team; Indonesia ‘crypto’ tax spikes
A month after halting the second phase of its central bank digital currency (CBDC) pilot, South Korea’s central bank is shifting its focus to stablecoins and other digital asset developments. In the latest development, it has launched a new committee to monitor the market and repurposed its CBDC team to explore the wider digital currency sector.
The team was previously called the “Digital Currency Research Lab” and operated under the Financial Settlement Bureau (FSB), which…
