South Korea Suspends CBDC Project In Favor Of Stablecoin

2025-07-03 02:03:41

(MENAFN- Investor Brand Network) A recent Bloomberg report, referencing a confidential source within the Bank of Korea , reports that the country's top bank has put the next phase of its central bank digital currency (CBDC) testing on hold. The phase was originally expected to roll out in late 2025. The central bank has notified participating financial institutions that discussions surrounding the next phase will be put on hold for now.

Players in the crypto industry, such as Bit Mining Ltd. (NYSE: BTCM) , will be watching how the blockchain landscape shapes up in South Korea as that could have ramifications upon the trajectory of the global...

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