.bok_hub will select an area for its CBDC pilot next year. Seoul has already been out ruled as an option. camomileshumba reports
, which tested functions such as manufacturing, issuing and distribution of a CBDC in a simulated environment, in December 2021.
Next year's pilot will enable people within the chosen region to use the CBDC solely within that region as a means of payment like a local currency, It.chosun said. Jeju, Busan and Incheon are all areas that have distributed a local currency in the past.
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