The Bank of Korea plans to launch the second phase of its central bank digital currency (CBDC) pilot in September, according to a report.
9 banks
The number of banks set to participate in the second phase of the CBDC pilot.
The second phase will involve nine banks, including two regional banks that are newly added to the pilot.
The pilot will test government subsidy payments using tokenized bank deposits, as well as new payment features, according to the report.
Additionally, the CBDC pilot will involve a blockchain network test and will allow retail consumers to trade tokenized won across commercial lines.
