South Korea's Central Bank Pursues Deposit Token Commercialization Amid Banking Sector Concerns

According to the Korea Herald, South Korea's central bank is advancing its deposit token project toward full commercialization on June 22, rather than limiting it to pilot stages. The banking industry has expressed concerns, requesting adjusted timelines for subsequent phases including peer-to-peer transfers and expanded use cases. A document submitted by the Korean Bankers Association to National Power Party lawmaker Lee Heon-seung indicates that the central bank and commercial banks are planning further testing to establish the foundation for formal introduction and widespread application.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments