Bank of Korea to Launch CBDC Pilot to Explore Technical Feasibility
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The Bank of Korea will launch a CBDC pilot to explore technical infrastructure.
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The pilot will involve private banks, public institutions, and the Bank for International Settlements.
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It will test both retail and wholesale CBDC models.
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The pilot is a step towards a future monetary system based on CBDCs.
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However, the pilot does not guarantee eventual CBDC implementation.
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