The Bank of Korea, in collaboration with MSIT and FSC, has launched a pilot test for CBDC and tokenized deposits! 🎉 It is reported that the Bank of Korea plans to conduct a tokenized deposit experiment involving approximately 100,000 people, combined with wholesale central bank digital currency (wCBDC) for interbank settlement. This initiative marks an important step for South Korea in the field of digital currency.

In addition, South Korea has developed a digital voucher management platform aimed at simplifying the settlement process and reducing fraud risk. The vouchers will adopt Singapore's PBM model, with usage conditions defined by smart contracts. Seven local banks have been approved to participate in this innovative service, ensuring that deposit tokens are protected by traditional deposit protection systems. 🔒

Bitcoin enthusiasts, although the market is ever-changing, the future of Bitcoin remains promising! 🚀