The central bank of South Korea is getting ready to launch a real transaction test for its central bank digital currency (CBDC), involving 100,000 consumers and seven banks. The trial will include major financial institutions and will last for about three months, allowing participants to make payments at various merchants using deposit tokens based on CBDC. The test was initially scheduled for March but there is a possibility it could be delayed to April due to the need for cooperation with multiple institutions. South Korea has been working on its CBDC pilot for some time in an effort to replace cryptocurrency with its own controlled digital solutions.



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