The Bank of Korea wrapped up the first phase of a central bank digital currency simulation project in December 2021, according to aThe first phase tested the basic functions of a CBDC including manufacturing, issuing and distribution in a simulation environment, the report said. It concluded that the CBDC “works normally” under test conditions.
Based on the results of the first phase, the report said the South Korean central bank plans to explore implementing other functions such as offline payments and adding personal information protection enhancement technologies., the bank said more experiments are needed to confirm if the CBDC would work as effectively in a real environment.
After the second phase is completed this June, the bank plans to conduct a comprehensive evaluation of the project and continue usability experiments in cooperation with financial institutions.
iamsandali Will the current BNB rise again? Or stop loss in time? I bought it at 495, what advice would the professional god give?
iamsandali Hey, have you seen this Meta2Earn project? They will develop game artifacts for the most popular Play2Earn games and metaverses. For example, for AlienWorlds!
iamsandali THERE IS A Robbery IN SLP TOKEN
iamsandali 💖💖💖💙💜💝💝💝
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea Completes The First Phase of its CBDC Testing Program (Report)Bank of Korea should be ready with the whole central bank digital currency testing program by June this year.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
S.Korea says Iran to regain UN vote after delinquent dues paid with frozen fundsIran is expected to regain its vote in the U.N. General Assembly after South Korea paid Tehran's delinquent dues to the world body with frozen Iranian funds in the country, South Korea said on Sunday.
Source: Reuters - 🏆 2. / 97 Read more »
Union Bank of Philippines to Offer Crypto Trading and Custodial Services – Featured Bitcoin NewsOne of the largest banks in the Philippines is reportedly launching cryptocurrency trading and custodial services. crypto bitcoin god Unionbank unionbankph When the economy was related to the Gold we had a financial problem and know when the economy is related to the US dollar the FED fail to keep the system, know am thinking we may see two ways ether going back to the Gold or opportunity to Bitcoin to be the cover asset I don't understand why. It's a lot more convenient to buy crypto on platforms like bitfinex.
Source: BTCTN - 🏆 531. / 51 Read more »
Charted: Disappearing bank branchesBanks, which had been closing branches steadily for about a decade prior to the pandemic, hastened plans to consolidate locations as a way to cut costs during the health crisis. Go deeper ➡️ poor banks how can they survive these tough financial times
Source: axios - 🏆 302. / 63 Read more »
Police looking for bank robbery suspectTacoma police are asking for help identifying a bank robbery suspect. Criminals really love the mask mandates
Source: KIRO7Seattle - 🏆 271. / 63 Read more »
Packers vs. 49ers prediction: Bank on close one in Green BayDespite all the talk about how great Aaron Rodgers is (and how mediocre Jimmy Garoppolo is), the 49ers still average more yards per game and nearly as many points.
Source: nypost - 🏆 91. / 67 Read more »