[PUBLICATION] Policy Paper on South Korea’s Pathways toward a CBDC published by Korea Economic Institute (KEI)

Screen Shot 2022-03-03 at 4.09.17 PMMy policy paper, South Korea’s Critical Moment in Digital Currency Policymaking: Between Regulating Cryptocurrencies and Launching a Central Bank Digital Currency (CBDC)’ has just been published by the Korea Economic Institute of America (KEI) in Washington, DC. Click on the right to read.

This is my ongoing effort on addressing regulating digital currencies in global finance, following my previous policy paper on North Korea’s cyber hacking of bitcoins published by the NCNK/Wilson Center. My next endeavor will be a co-authored academic journal article with Troy Stangarone on the unparalleled approaches by major central banks on CBDCs and how the deployment of CBDCs would impact sanctions enforcement, using the case of sanctions on Russia for its invasion of Ukraine. 

For those of you who missed the policy policy paper launch, here’s the video:

Finalizing this policy paper was not an easy endeavor due to the time crunch between the release of results from the first pilot test by the Bank of Korea (January 25, 2022) and the planned publication and event date for the paper launch (March 2, 2022). It also came out just days after Russia’s invasion of Ukraine and concerns abound on getting around the SWIFT system. Coupled with the South Korean Presidential Election (March 9) and the 10th anniversary of the U.S.-ROK FTA, there were so many other developments and logistical preparations in February toward this paper launch. For this reason, I would like to thank Kyle Ferrier, Director of Academic Affairs at KEI for working with me until the very end until this policy paper saw the day of light.

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