South Korea Central Bank Report States CBDCs Could Reduce the Role of Commercial Banks

South Korea Central Bank Report States CBDCs Could Reduce the Role of Commercial BanksSouth Korea’s central bank, the Bank of Korea (BOK), has selected Ground X, the blockchain subsidiary of internet company giant Kakao, to work with the BOK on its central bank digital currency (CBDC) project. Ground X to Build South Korea’s Experimental CBDC In a report by local news media Korea Joongang on Tuesday (July 20,

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Source and More information: Bank of Korea Taps Kakao Blockchain Subsidiary for CBDC Project

Author: BTCManager.com