The Bank of Korea (BOK) has launched a new pilot program for a central bank digital currency (CBDC) amid concerns other nations could take the lead if it sits on the sidelines.
The South Korean central bank said Monday it had reevaluated the CBDC proposal after observing that other developed nations, including neighboring Japan and its close ally the U.S., were moving forward with their own digital currency plans faster than anticipated.
Continue read: https://www.coindesk.com/south-korean-central-bank-accelerates-digital-currency-pilot-to-keep-up-with-other-nations
