Altcoin News

South Korea Edges Closer to CBDC Rollout Without Any Comitment

The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital version of its won fiat currency.

Per newspaper Hankyoreh, the central Bank of Korea (BOK) has released a strategy document outlining its plans for the medium and long term, with numerous mentions of the bank’s digital currency plans. Despite repeated previous BOK claims that there is “no pressing need” for a South Korean central bank digital currency (CBDC), the newspaper claims that the new document’s tone is markedly different.

The document’s authors wrote,

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