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South Korea – South Korea’s forward-thinking digital currency pilot program (East Asia Forum)

Troy Stangarone, Korea Economic Institute of America

In August 2021, the Bank of Korea (BOK) is set to begin a pilot program to examine the feasibility of a retail central-bank digital currency (CBDC). While the pilot is not a commitment to issue a CBDC, a decision to do so would move South Korea closer to becoming a cashless society with significant implications for both businesses and consumers.

South Korea’s forward-thinking digital currency pilot program | East Asia Forum