The Bank of Korea has launched a new network designed to support 24-hour won settlement for foreign investors, according to Cointelegraph. The pilot is intended to allow overseas market participants to complete won transactions during the business hours of their own countries, rather than being limited to South Korea’s local operating schedule. The initiative represents a change in how international investors can access won settlement services, although the source did not provide further details on the network’s participants, transaction volumes or duration. The Bank of Korea is South Korea’s central bank. The development concerns the settlement of transactions in the Korean won and does not, from the available information, specify any direct effect on cryptocurrency markets or the digital assets tracked on this page.
