South Korea Halts CBDC Project Amid Rising Bank Concerns

According to Foresight News, the Central Bank of South Korea has paused its Central Bank Digital Currency (CBDC) project ahead of the second round of testing. This decision comes in response to increasing complaints from banks involved in the pilot project and growing discussions about introducing a Korean won stablecoin. Currently, several banks, including KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, IBK Company, iM Bank, Suhyup, and K-Bank, are participating in projects focused on stablecoin issuance within the banking sector. These projects utilize open blockchain and DIDIA technology source: https://www.binance.com/en/square/post/26295511077257?utm_source=BinanceNewsRSS