South Korea's central bank to launch CBDC pilot 'Hangang' in April
Bank of Korea (BOK) plans to launch a central bank digital currency (CBDC) pilot called "Hangang." The program aims to promote daily transactions from April to June. Once the Bank of Korea issues digital currency to seven participating banks, these institutions will distribute deposit tokens for use in local supermarkets, online shopping centers, and convenience stores. It is expected that the pilot will involve 100,000 local citizens.
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