News Score: Score the News, Sort the News, Rewrite the Headlines

Ban of Korea Halts Digital Currency Project, Pausing Talks With Banks

South Korea’s central bank has halted its digital currency pilot program, signaling diminishing enthusiasm for state-led digital currencies as President Lee Jae Myung’s drive to promote a broader private-sector role for stablecoins gains momentum.The Bank of Korea has temporarily suspended preparations for the second phase of its pilot initiative testing program for a central bank digital currency, which had been scheduled for the fourth quarter, a BOK official told Bloomberg News....

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines