REGULATORY ACTION Blockchain Project: Bank Of Korea (BOK) CBDC Program
The Bank of Korea CBDC program is currently in consideration. Preparations for CBDC include stablecoin regulation, offline payments using NFC, BOK-Wire+ fast payment system adopting the ISO 20022 standard, testing within 4 banks and the Korea Financial Telecommunications and Clearings Institute (KFTCI) and putting a regulatory framework into place.
Project Milestone
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| Milestone Title | Date of Milestone | Type | NFT Drop | Sources |
|---|---|---|---|---|
| The Central Bank of Korea Reveals Possible Plans for Central Bank Digital Currency (CBDC) | July 20, 2023 | Proof of Concept (Beta) |   |
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