The Central Bank of South Korea has unveiled a new 10-year economic development plan that focuses heavily onpaid to blockchain, as well as the development of state cryptocurrency.
Korea Daily reports that the country's Central Bankstrives to become "more flexible and consistent with changes in society over time." So, by 2030 it is planned to integrate information and communication technologies in public administration.
The document describes the strategy in great detail.economic development. The future for the blockchain in South Korea is getting more ready, as officials plan to launch many initiatives to use innovative technologies. However, legal and technical standards must first be developed.
In addition, in February in South Korea was establisheda research organization to assist in the analysis and development of the state cryptocurrency, and later this year the state-sponsored “digital technology space” will appear. Now the infrastructure is being prepared for the initiative.
Earlier, the Bank of Korea announced that it does not plan to issue its own cryptocurrency.
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