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South Korean Central Bank Accelerates Digital Currency Pilot to Keep Up With Other Nations

by CBDC Insider Staff
April 7, 2020
in Asia, Business
Reading Time: 1min read
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South Korean Central Bank Accelerates Digital Currency Pilot to Keep Up With Other Nations
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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

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