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South Korea Suspends Digital Received Challenge amid Stablecoin Push

greater by greater
July 9, 2025
Reading Time: 6 mins read
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South Korea Suspends Digital Received Challenge amid Stablecoin Push


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South Korea’s central financial institution has halted its digital forex testing undertaking, elevating doubts concerning the nation’s central financial institution digital forex (CBDC) plans. As reported by Bloomberg, the Financial institution of Korea (BoK) advised the taking part banks that it has determined to pause talks on the initiative for now.

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