The Bank of Korea said that it published its 2025 Payment and Settlement Report, outlining progress on major payment infrastructure projects and future policy plans. In the release, the central bank said the report also includes reference sections on the recent Bithumb bitcoin over-crediting incident and on the causes and implications of sharp stablecoin price swings.
The broader report covers both completed and upcoming work, including the March 30 expansion of BOK-Wire+ operating hours, the June 2025 first-stage live pilot of Project Hangang, and planned next steps such as ISO 20022 adoption in the second quarter of 2026 and a proposed offshore won settlement system targeted for 2027.
What stands out is that the central bank is placing crypto-related payment incidents inside a wider financial infrastructure review, not treating them as side issues. That gives events like exchange settlement errors and stablecoin volatility a more formal place in Korea’s policy discussion around payment-system risk.
Source: Bank of Korea.
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