Today news
About the same in other media
South Korea preps 100,000 person-strong CBDC pilot
Reading now: 803
The three month pilot, set for the fourth quarter of 2024, is being run by the Bank of Korea, Financial Services Commission, and Financial Supervisory Service.
Participants will be able to make purchasers with deposit tokens issued by commercial banks in the form of CBDC, says the Korea Times.
The Bank of Korea argues that a CBDC could help tackle the high transaction fees and slow settlement processes associated with government voucher systems for things like childcare payments.
The Korea Exchange will also be involved, integrating the digital currency into a simulation system for carbon emissions trading, says the Korea Times.
About this in other media
South Korea’s Biggest Exchanges Help Regulators Hunt ‘Undeclared Crypto Operators’ cryptonews.com /5 months ago
China, Japan, and South Korea Explore Collaboration in Big Data, Blockchain, and AI cryptonews.com /5 months ago
South Korea launches its first spy satellite after rival North Korea does the same abcnews.go.com /5 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
