Bank of Korea forms digital currency advisory council on CBDC and deposit tokens
- —The council will focus on CBDC and deposit tokens rather than digital innovation broadly
- —It was prompted by the Hangang and Agora projects and government bond tokenization
- —The first meeting took place on the 29th of last month
- —The Money & Banking forum ended in April when former governor Lee Chang-yong's term expired
Why it matters: Institutionalizing CBDC and deposit token policy speeds up South Korea's preparations for a digital won and blockchain-based settlement.
Source: Bloomingbit