Tag "Bank of Korea (BOK)"

Italy and South Korea Unite to Advance CBDC and Real-Time Settlements

The Bank of Italy and the Bank of Korea have signed a memorandum of understanding (MOU) to facilitate the exchange of knowledge and expertise related to central bank digital currencies (CBDCs) and real-time gross settlement (RTGS) systems. Under the terms

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South Korea to Test Digital Won with 100,000 Citizens in CBDC Pilot Next Year

South Korea is preparing to launch a pilot programme for a central bank digital currency (CBDC) involving 100,000 citizens, as reported by The Korea Times. This initiative, planned for the fourth quarter of next year, is a collaborative effort between

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Bank of Korea, Samsung to Research Use of CBDCs for Offline Payments

The South Korean central bank has reportedly partnered with tech giant Samsung Electronics to research Central Bank Digital Currencies (CBDCs) for offline payments. According to local media The Korea Herald, the Bank of Korea (BOK) and Samsung has signed a

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