South Korea Moves CBDC Pilot Into Existing Banking Systems

The Bank of Korea is advancing its central bank digital currency pilot into a second phase that integrates deposit tokens with existing banking systems. The upgraded trial will involve core account systems at participating commercial banks, which will build e-wallets, voucher functions, and blockchain-based infrastructure to connect CBDC deposit tokens with existing banking rails. This represents a shift from earlier limited consumer trials toward deeper financial infrastructure testing, allowing participants to use tokenized deposits within banking systems for transactions and settlements.
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