The Bank of Korea conducts research on central bank digital currency (CBDC) including personal remittance

The Bank of Korea is studying ways to use central bank digital currency (CBDC) for personal remittance and online and offline payments

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ZDNet Korea reported that the Bank of Korea is studying ways to use central bank digital currency (CBDC) for personal remittance and online and offline payments. The Bank of Korea is in charge of digital currency issuance and redemption, and distribution is based on the’dual structure’ that private institutions are in charge of. He said he will design and test specific business processes necessary for the operation of the CBDC system, such as law.

The Bank of Korea’s CBDC Research Schedule

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