Bank of Korea to pilot live CBDC transactions with 9 banks in September

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The Bank of Korea is preparing to launch a live central bank digital currency (CBDC) pilot in September. The test will involve nine commercial banks participating in a large-scale blockchain network trial. Retail consumers will be able to conduct real transactions using a tokenized version of the South Korean won. The pilot aims to assess the feasibility of digital currency transfers across multiple commercial banking lines.

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