South Korea Authorizes CBDC Pilot Test with Seven Banks

Seven of South Korea's major banks, including Kookmin, Shinhan, and Woori, are now part of a CBDC pilot test led by the FSC. This initiative explores digital vouchers, potentially replacing physical ones to improve accessibility and streamline public benefits distribution via mobile technology. The post South Korea Authorizes CBDC Pilot Test with Seven Banks appeared first on Cryptonews. source: https://cryptonews.com/news/seven-south-korean-banks-authorized-to-participate-in-cbdc-pilot-test/