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Israel and South Korea expand CBDC exploration, announce upcoming pilot projects
The testing of central bank digital currencies (CBDCs) continues to ramp up despite rising geopolitical tensions and a struggling global economy as Israel and South Korea have both announced new pilot projects as they advance toward releasing digital fiat for public use. According to Andrew Abir, deputy governor of the Bank of Israel, the central bank is preparing to launch a sandbox environment for testing CBDC use cases in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications. “We are now building the system and intend to officially announce the project ... (full story)
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- Posted: Apr 18, 2024 12:39am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 307
