ChainCatcher news, according to The Block, the Bank of Korea (BOK) plans to cooperate with the Bank for International Settlements (BIS) and other institutions to start a central bank digital currency (CBDC) wholesale test.
The Bank of Korea released details of the trial, with the main focus being on the feasibility of a future monetary system based on wholesale CBDC. The pilot will test whether wholesale CBDC can be used as a settlement asset for tokenized deposits at commercial banks. The plan will also experiment with the programmability of tokenized deposits.
The Bank of Korea released details of the trial, with the main focus being on the feasibility of a future monetary system based on wholesale CBDC. The pilot will test whether wholesale CBDC can be used as a settlement asset for tokenized deposits at commercial banks. The plan will also experiment with the programmability of tokenized deposits.