Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222785 
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 1018
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
In this study, we describe the fintech and cryptoassets-related trends in the Republic of Korea and review the measures and assessments of the Government of the Republic of Korea and the Bank of Korea. We also provide discussion on central bank digital currency. Fintech in the Republic of Korea still accounts for only a small share of payment and settlement services, but it can induce changes in the financial industry. It is, however, unlikely that cryptoassets will become widely used and accepted in the near future, and the Bank of Korea is taking a cautious stance on central bank digital currency.
Subjects: 
fintech
cryptoassets
central bank digital currency
JEL: 
G2
G15
O16
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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