South Korea's Digital Won Pilot: Phase Two Begins
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
South Koreas Bank of Korea and nine commercial banks launch phase two of their digital won pilot program, testing won-pegged tokens on a central bank digital currency layer. The goal is to reduce transaction costs for businesses and explore real-world uses, such as government subsidy payouts and AI-driven payments. Despite regulatory delays on South Koreas broader digital asset law, the pilot program continues to build practical experience.
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