CandleFocus South Korea Pilots CBDC as Crypto Reshapes Job Market
2024-11-06
Author: Content Editor
South Korea is launching a pilot project for a central bank digital currency (CBDC) to be used for education and welfare vouchers. The project aims to address the limitations of the current voucher system and provide a more convenient and secure system. The government plans to move away from physical vouchers and allow citizens to redeem benefits through mobile devices. Seven South Korean banks have expressed interest in participating in the pilot. In other news, the rise of cryptocurrencies in South Korea is causing a shift in the job market, with the younger generation opting for Bitcoin trading strategies over traditional employment.
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