Foresight News
Foresight News|Dec 21, 2025 12:25
[Sources: Bank of Korea Plans to Resume CBDC Testing] According to Foresight News, citing Decenter and sources, the Bank of Korea has recently sent an official document to major banks regarding the second round of CBDC testing. A Bank of Korea official stated, 'Details, including specific methods and timelines, are currently under discussion.' The second round of testing is considering issuing part of government subsidies in the form of digital currency. The goal is to use CBDC to restrict the usage of subsidies and reduce management and administrative costs associated with subsidy distribution. The Bank of Korea previously launched a three-month CBDC pilot project in April, involving seven participating banks, but later suspended the project. At the time, the pilot was criticized for its limited practical application value and the cost burden of billions of Korean won on participating banks.
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads