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Finance

BOK security gaps in spotlight at parliamentary audit; digital currency safety also at issue

South Korea\'s parliamentary audit put the Bank of Korea\'s cyber security response system and privacy protections for its digital currency system under scrutiny. Issues raised included more than 3,000 hacking attempts, a shortage of information security staff and possible leakage of interbank transaction data. Lawmakers also questioned the effectiveness of joint inspections with the Financial Supervisory Service and asked about the possibility of further policy rate hikes alongside updated growth and inflation forecasts.

Crypto

Japan considers stablecoins for childcare and grocery subsidies, eyes onchain shift for government bonds and payment infrastructure

Japan is considering using stablecoins and tokenised deposits for subsidies with restricted uses such as childcare and groceries, while also examining a broader shift to blockchain-based finance. The Financial Services Agency has released minutes from a forum meeting and plans an interim summary in early 2027. Discussions cover programmable functions tied to real transactions, linking onchain and offchain payments, and ensuring payment-system stability and safety.

Crypto

XRP overtakes bitcoin to top trading volume in South Korea; caution urged on price impact

XRP has climbed to No. 1 in trading volume in South Korea, overtaking bitcoin and ether. U.Today reported that increased Korean trading helped XRP hold between $1.45 and $1.52 despite broader global market pressure. The surge coincided with the end of the “XRP Seoul 2026” event and private talks during Seoul Crypto Week. Some flagged domestic regulatory structure as a key driver and cautioned against assuming immediate global supply-demand effects.