South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of

[Galaxy]

The Bank of Korea is moving to a more technical phase of its accelerated push to develop a central bank digital currency, or CBDC.

The Korea Times reported Monday that the Bank of Korea (BoK) is now seeking a consulting partnership to bring the second phase of its CBDC plan to fruition.
Once through the application process, the successful local company would assist the central bank in building the architecture for the CBDC, which is being prepared in the face of China's drive to be the first major nation to launch a digital version of its fiat currency.
Info link: https://www.coindesk.com/south-korea-central-bank-partner-develop-digital-currency-cbdc-won