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Edited by Isha000 at 25-12-2023 12:50 PM
Golden Finance reports that South Korean banks and financial authorities are launching a pilot project to leverage Central Bank Digital Currencies (CBDCs). They plan to issue "deposit tokens" based on deposits and allow the public to participate in the pilot program. The Bank of Korea announced on Friday their plans to initiate a "CBDC Utilization Test" to establish future monetary infrastructure. The Financial Services Commission, Financial Supervisory Service, private banks, and the Bank for International Settlements (BIS) will be involved in this test. |
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Post time 12-10-2023 08:02:38
