From April 1 to June 30, many stores in South Korea will participate in the CBDC testing process. However, for now, only 7-Eleven has agreed to be a test store for the Bank of Korea’s (BOK ...

South Korea's central bank ... the trio announced a pilot project to explore central bank digital currencies (CBDCs), with support from the Bank for International Settlements (BIS).

The South Korean central bank ... The bank connected 14 banks and the Korea Financial Telecommunications and Clearings Institute with its simulated CBDC system for the second half of the year ...

Signaling a new chapter in digital finance, the Bank of Korea last month launched "Project Han River," a pilot program for its central bank digital currency, or CBDC. Running from April through ...

A 7-Eleven store in Seoul, South Korea. (Source: Baribandi [CC BY-SA 2.0 kr]) The stores will allow digital won holders to pay at tills using QR codes from their CBDC wallets. Some 100,000 South ...

South Korea, Indonesia, Cambodia and Malaysia. Mainland China, which began developing a digital yuan back in 2014 and now has the most advanced CBDC for a major economy, has already seen its e-CNY ...

The Bank of Korea (BOK) is set to initiate a pilot program for its central bank digital currency (CBDC), named "Hangang," involving 100,000 participants. Scheduled to run from April to June this ...

South Korean Central Bank kicks off CBDC trials starting next month The Bank of Korea has revealed that it will commence ...

All G7 economies had moved into the development or pilot stages of a CBDC as of June 2024. Canada, France, China, India, and South Korea are among the many countries studying or testing a CBDC.

The Biden administration has been something of a disappointment on financial privacy and central bank digital currencies (CBDCs), but it’s not as though their policies are a break from the past.