Odaily Planet Daily News Ki Young Ju, the Korean co-founder and CEO of CryptoQuant, an on-chain analysis company, tweeted that the Bank of Korea’s CBDC system will be built using a permissioned distributed ledger and will not interact with external open Distributed ledger network connections, users participating in actual transaction tests will not be able to transfer digital currencies issued on the CBDC network to open distributed ledgers like Ethereum.
According to previous news, South Korean banks and financial authorities are launching a pilot project on CBDC.