South Korean CBDC Pilot is Now Underway and Samsung is Onboard

The South Korean central bank, the Bank of Korea (BOK), has officially begun testing its prototype of digital KRW. The bank has decided to carry out a two-stage central bank digital currency (CBDC) pilot, with the first stage running from this week until June next year, tasked with testing focus on tech feasibility and utility. The BOK will then follow this up