South Korea Halts CBDC Testing Amid Growing Stablecoin Support

2025-06-30 12:42:45

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Description

The Bank of Korea has reportedly suspended the second phase of its CBDC testing as the government shows increasing support for local currency stablecoins. According to a report by The Chosun Daily on Monday, the central bank informed participating banks that the next stage of its CBDC trials , initially scheduled for later this year, will be postponed. A senior official at one of the seven participating banks stated that the central bank is waiting to understand the government’s plans for stable...

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