CoinDesk·3 min read·medium
Bank of Korea prepares for live CBDC transactions with 9 banks in September
O
Olivier Acuna
✦AI Summary
The Bank of Korea is set to begin live transaction testing for its institutional Central Bank Digital Currency (CBDC) in September with nine participating commercial banks. This phase aims to establish the infrastructure for commercialization and allow for the free trading of the won in digital form.
The second phase of BOK's CBDC program is scheduled for September with real-transaction testing, Yonhap News Agency reported on Monday .
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