South Korea Central Bank to Accelerate Plans for CBDC Usability Testing
South Korea will begin a pilot test project of its CBDC to determine usability and functionality for programmed transactions.
South Korea will begin a pilot test project of its CBDC to determine usability and functionality for programmed transactions.
In the report, the Israeli Finance Ministry explained that during the just-concluded pilot, the country tokenized digital bonds into security tokens compatible with ERC1155 smart contracts. This move allowed for seamless atomic transfers upon payment receipt.
Patex has launched its PATEX token on CEXs and DEXs for interested users and traders to enjoy several perks and advantages in the ecosystem.
The proposed digital shekel is different from other CBDCs in at least two ways. These are its interest-bearing nature and the separation of the role of banks from the provision of wallets and payment services.
Hungary’s move to embrace cryptocurrencies comes at a time when the global crypto market is making a comeback after a year-long market crisis.
Hong Kong is currently pursuing an expansion of the digital yuan’s application. It is also approaching the second phase of its own CBDC pilot program and completing consultations for stablecoin issuance.
The bill aims to prevent the Federal Reserve from using CBDC as a tool to implement monetary policy or control the economy.
The Philippines might be setting out on its CBDC journey a bit differently from many others.
According to the crypto exec, Trump’s campaign and court cases will pump the tokens regardless of the election outcome.
The meeting with the SEC is now another step in South Korea’s journey of developing its local crypto economy.