South Korea to Distribute CBDC Next Year as Part of Pilot Tests

South Korea intends to distribute its upcoming central bank digital currency (CBDC) next year as part of a broader 22-month pilot test, local news outlet Korea Herald said Wednesday. 

The BOK intends to run the pilot tests until December 2021 with the distribution and circulation test being the final step of a three-phase CBDC program, the report said.

Read more: Decrypt