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....
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