There has been mixed news for the central Bank of Korea (BOK) as it prepares to launch its first pilot for the digital won.
The bank is still yet to make an official decision on whether it will actually launch the central bank digital currency (CBDC) or not, but recently claimed that it would deliberate on the matter once the pilot is complete.
Per ZDNet Korea, a consortium has already expressed its willingness to take part in the project. Led by consulting EY’s South Korea operation EY Hanyoung, the group also comprises Samsung’s blockchain technology and IT services arm Samsung SDS, as well as Naver-Line. The latter is the web giant Naver – the South Korean answer to Google – and its crypto-keen chat app affiliate Line, which also announced this week that it is in talks with an unnamed Asian nation about CBDC issuance.
Read more: https://cryptonews.com/news/ey-samsung-sds-naver-line-consortium-bids-to-test-south-kore-8059.htm