South Korea Expands CBDC Pilot | Bitcoin and Crypto News

South Korea’s Bank of Korea is launching Phase 2 of its digital currency pilot, Project Hangang, set to begin as early as September, expanding testing to nine banks and introducing real-world features like government subsidy disbursements via tokenized deposits. This wholesale CBDC initiative, built on blockchain, aims to commercialize digital currency by testing peer-to-peer transfers, biometric authentication, and automated token issuance — all designed to assess practical adoption and integration into daily finance. New participants Kyongnam Bank and iM Bank join the pilot, signaling growing industry commitment to CBDC innovation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c381dd4b2daa7f68