Bank of Korea tested NFT trading, remittances with CBDC: Report

2022/11/08 03:45

The Bank of Korea (BoK) has developed and tested a program that facilitates cross-border remittances by linking different central bank digital currencies (CBDC) from other countries, local media outlet Yonhap News reported on Monday.
The central bank had recently completed a 10-month experiment into a digital South Korean won, Governor Chang Yong Rhee revealed in a September speech.
During the project, the bank also tested the use of its CBDC to purchase non-fungible tokens (NFT), according to the report.

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