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Bank of Korea completes first phase of digital currency pilot -Breaking

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The Bank of Korea successfully concluded the first stage of mock-testing its digital currency central bank in August 2021.

According to the South Korean central bank, the CBDC mock-testing phase 1 was concluded in December and the second is ongoing. reportedYNA News. The mock-test phase 1 involved the distribution and issuing of some basic functions for the sovereign digital currency.

Tracker for World CBDC Development Source: Atlantic Council