Regulation· ★★★· neutral·

South Korean lawmaker flags transaction-tracing risk in Bank of Korea's Han River digital won project

  • —Lee Jun-seok: once a wallet address is identified, a non-party bank can see the amount and time of a transfer
  • —BOK Governor Shin Hyun-song: transaction data is accessible only to the parties involved, unlike public blockchains
  • —The lawmaker warned of wider exposure if systems of participating banks are hacked
  • —The central bank promised written explanations on data protection in the Han River project
Why it matters: The debate sets privacy boundaries for South Korea's digital won pilot and could shape the design of future CBDCs.
Source: Blockmedia