Home Cryptocurrency South Korea halts CBDC project as regulators prioritize won-backed stablecoin rollout

South Korea halts CBDC project as regulators prioritize won-backed stablecoin rollout

South Korea’s central bank digital currency project has been put on hold as the regulators turn their attention to fast-tracking the issuance of won-backed stablecoins. According to a Bloomberg report citing an unnamed Bank of Korea official, the central bank…

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