South Korea Embarks on a Pioneering Journey: Launching a 100,000-Participant CBDC Pilot in Early 2023
Introduction
In a groundbreaking move, South Korea is poised to launch a pilot program for a central bank digital currency (CBDC) in the first quarter of 2023. This initiative, a collaboration between the Bank of Korea (BOK), the Financial Services Commission (FSC), and the Financial Supervisory Service (FSS), will enlist