South Korea eyes September launch for second phase of CBDC pilot: Report

CoinTelegraph·

South Korea eyes September launch for second phase of CBDC pilot: Report

60-second summary

The Bank of Korea is reportedly set to launch the second phase of its central bank digital currency (CBDC) pilot in September, adding two regional banks, new payment features, and tests of government subsidy payments using tokenized bank deposits, expanding the pilot's scope and functionality, which is expected to further advance South Korea's digital payment infrastructure and potentially increase adoption…

The Bank of Korea’s CBDC pilot will add two regional banks, new payment features and tests of government subsidy payments using tokenized bank deposits