Express
The Bank of Korea Will Establish And Test CBDC Pilot System Next Year
Summary: The Bank of Korea (BOK) said it had completed the CBDC-based work in July and carried out the second phase of the project "Work Process Analysis and External Consultation". The third phase will test CBDC system to check whether the CBDC system can operate properly in a "restricted environment". The Bank of Korea plans to ...
The Bank of Korea (BOK) said it had completed the CBDC-based work in July and carried out the second phase of the project "Work Process Analysis and External Consultation". The third phase will test CBDC system to check whether the CBDC system can operate properly in a "restricted environment".
The Bank of Korea plans to establish and test the CBDC pilot system next year. In addition to the urgent need to issue CBDC, the Bank of Korea decided to review the technical and legal requirements for the introduction of CBDC and run the CBDC test system to cope with changes in the internal and external payment environment.
Tags: Bank,CBDC,Korea,system
Link: The Bank of Korea Will Establish And Test CBDC Pilot System Next Year [Copy]
