đ„South Koreaâs Hana Bank to Work on CBDC and Stablecoin Alternatives
South Koreaâs KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latterâs CBDC pilot and stablecoin alternatives, such as tokenized deposits.
Per the newspaper Maeil Kyungjae, Hana Bank is now âactively participatingâ in the BOKâs ongoing CBDC Proof of Concept project.
The newspaper noted that the BOK and Hana will âactively participate in the preparationâ of a âcurrency system based on blockchain technology.â