Bank of Korea prepares for live CBDC transactions with 9 banks in September

CoinDesk·

Bank of Korea prepares for live CBDC transactions with 9 banks in September

60-second summary

The Bank of Korea is gearing up for live CBDC transactions with nine major banks in September, marking a significant milestone in its blockchain network test. Retail consumers will be able to trade tokenized won freely across commercial lines, expanding access to digital currency.

Major banking heavyweights join a massive blockchain network test that will allow retail consumers to trade tokenized won freely across commercial lines.