June 15, 2020 The Bank of Korea has launched a CBDC legal advisory group.

The Bank of Korea, South Korea’s central bank, has launched a legal advisory group for the purpose of investigating central bank digital currency (CBDC). The group consists of six members including legal experts from within and outside the bank. Reporting suggests that the new group is part of the central bank’s existing pilot program, launched in April, that is researching a digital won.