The Bank of Korea is advancing its central bank digital currency (CBDC) experiment to test real-world usage in existing financial systems, local media outlets reported Monday.

 from ET News, the South Korean central bank's CBDC pilot is entering a new phase involving core account systems in participating commercial banks. 

In the new phase, commercial banks would establish e-wallets, vouchers, and blockchain-based infrastructure to manage the CBDC for commercial usage in connection with the existing core banking system.

Politics_And_Law

> The Bank of Korea is advancing its central bank digital currency (CBDC) experiment to test real-world usage in existing financial systems, local media outlets reported Monday.
>
> According to a [report](https://www.etnews.com/20260622000282) from ET News, the South Korean central bank's CBDC pilot is entering a new phase involving core account systems in participating commercial banks. 
>
> In the new phase, commercial banks would establish e-wallets, vouchers, and blockchain-based infrastructure to manage the CBDC for commercial usage in connection with the existing core banking system.
>
> [**...read more at theblock.co**](https://www.theblock.co/post/405529/south-korea-cbdc-second-phase)