Italy and South Korea to collaborate on central bank digital currency research
• Italy and South Korea central banks signed agreement to cooperate on CBDC research and development
• Includes sharing knowledge on real-time settlement systems and central bank digital currencies
• Italy exploring CBDC interoperability, South Korea starting CBDC pilots with banks
• South Korea plans to test CBDC with 100,000 citizens beginning in 2024
• Both countries actively exploring CBDCs, but with different approaches