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Bank of Korea's Retail CBDC Pilot Program
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Central Bank Digital Currencies
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Bank of Korea plans to launch a pilot program for its retail CBDC in 2024, involving 100,000 South Korean citizens, aiming to enhance transaction efficiency. Samsung Electronics has partnered with the bank to research digital currencies for potential integration with Galaxy devices. The Bank of Korea is also discussing a city to serve as a test bed for piloting the CBDC.
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How might the Bank of Korea's discussion of a city for a CBDC test bed influence the adoption of CBDCs in other countries?
How might the launch of the Bank of Korea's retail CBDC pilot program impact the traditional banking system?
What are the potential benefits and challenges of integrating digital currencies with Samsung Electronics' Galaxy devices?
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