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South Korea plans September launch for second phase of CBDC pilot. · Cyprus Report

Tech · World

South Korea plans September launch for second phase of CBDC pilot.

1 sourceFirst reported 2 days agoUpdated 2 days ago

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South Korea is planning to launch the second phase of its Central Bank Digital Currency (CBDC) pilot in September 2026.
The pilot will involve the participation of two regional banks and introduce new payment features.
Additionally, the project aims to test government subsidy payments utilizing tokenized bank deposits.
This development is part of ongoing efforts by the Bank of Korea to explore the implications and functionalities of CBDCs.

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All coverage (1)

South Korea eyes September launch for second phase of CBDC pilot: ReportCointelegraph · 2 days ago

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AI summary: catch up in 20 seconds

South Korea is planning to launch the second phase of its Central Bank Digital Currency (CBDC) pilot in September 2026.
The pilot will involve the participation of two regional banks and introduce new payment features.
Additionally, the project aims to test government subsidy payments utilizing tokenized bank deposits.
This development is part of ongoing efforts by the Bank of Korea to explore the implications and functionalities of CBDCs.

Generated by AI from the 1 sources below · always verify with the originals