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Softbank-owned LINE PLUS Goes Open-Source To Help Central Banks Mint CBDCs
Summary: LINE PLUS, a South Korean software and tech services corporation owned by Japanese multinational conglomerate SoftBank, has released a blockchain platform to help central banks get their CBDCs off the ground. Line says that it is discussing its open-source CBDC platform, Line Financial Blockchain for CBDCs, “with central banks in various Asian countries.” Its new ...
LINE PLUS, a South Korean software and tech services corporation owned by Japanese multinational conglomerate SoftBank, has released a blockchain platform to help central banks get their CBDCs off the ground. Line says that it is discussing its open-source CBDC platform, Line Financial Blockchain for CBDCs, “with central banks in various Asian countries.”
Its new platform supports Know Your Customer (KYC) and Anti-Money Laundering (AML) and has a modular structure, allowing for different features to be added by developers as needed. Line’s blockchain is built on Cosmos SDK, which is an open-source framework for building proof-of-stake blockchains that can natively interoperate with other blockchains.
By Amy Liu
Tags: CBDC,LINE PLUS,Softbank
Link: Softbank-owned LINE PLUS Goes Open-Source To Help Central Banks Mint CBDCs [Copy]
