Bank of Korea launches CBDC pilot

bank-of-korea
Bank of Korea building in Seoul

South Korea’s central bank has launched a pilot programme to assess the issuance of a central bank digital currency (CBDC), it said in a statement on April 6.

The pilot programme started in March and will continue until the end of 2021.

The Bank of Korea is the latest to explore CBDC and its uses in payment systems.

While the demand for CBDC is low in South Korea at the moment, the BoK said it is critical to prepare in advance in case there will be a need for it in the future. 

“The need to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.