South Korea eyes September launch for second phase of CBDC pilot: Report
South Korea eyes September launch for second phase of CBDC pilot: Report
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The Bank of Korea is reportedly planning to launch the second phase of its Central Bank Digital Currency (CBDC) pilot in September. This expanded phase will integrate two regional banks, introduce new payment features, and test the distribution of government subsidies leveraging tokenized bank deposits.
The Bank of Korea’s CBDC pilot will add two regional banks, new payment features and tests of government subsidy payments using tokenized bank deposits