The Bank of Korea, the central bank of South Korea, has successfully tested a program facilitating remittances across countries by linking central bank digital currencies (CBDCs) from different countries. The central bank also tested the national CBDC for buying NFTs. The bank had previously established a money laundering and terrorism financing monitoring system, one that […]
The Bank of Korea, the central bank of South Korea, has successfully tested a program facilitating remittances across countries by linking central bank digital currencies from different countries. The central bank also tested the national CBDC for buying NFTs.
Rhee also stated that the distributed ledger technology that underpins crypto lacks the scalability required for a retail CBDC. As a result, it may be preferable to use the standard centralised ledger database.
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