Bank of Korea to develop and identify pilot CBDC system for next year

10月
07
2020-10-7 06:33
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According to Yonhap News, the Korean Financial Services Corporation announced on July 7 that it completed the content of the design, application and use of the CBDC-based technology in July. The project “CBDC research on labor and outpatient consultation”. In the third phase, a CBDC test was performed to ensure that the CBDC system could function normally under the "environmental restriction". BOK plans to build and test the CBDC pilot system next year. The Korean financial institution decided to review the procedures and legislation for the introduction of CBDCs and work on the CBDC test system to meet internal and external and internal payment changes with the immediate need for CBDC provision. .

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2020-10-7 06:26

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