South Korean central bank charts out future course of payment systems, CBDC

by Aurelia Butler 19 July 2023, 23:20 169 Views

The BOK-Wire+ fast payment system will be upgraded to real-time gross settlement (RTGS) and has adopted the ISO 20022 standard, which is expected to be implemented in 2028, the report said. The bank will also increase oversight of “Big Tech” payment services and build up its capabilities to respond to “IT operational risk.”

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South Korean central bank charts out future course of payment systems, CBDC

Netflix subscriptions jump 8%, revenue climbs as password sharing crackdown takes hold

China’s Washington envoy warns of retaliation against further US tech curbs

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