While a mere year ago it would seem far fetched that the majority of world governments would consider launching a central bank digital currency (CBDC), that is now exactly the case. Over the past week, various developments took place, highlighting the imminent arrival of such assets. South Korea Always a tech-savvy and forward-thinking nation, South Korea has recently decided on a blockchain for use in underpinning its CBDC currently in development. Known as ‘Ground X’, this company was the successful bidder in a recent partnership proposal put forth by the Bank of Korea (BoK). As the winner, Ground X is scheduled to ... (full story)