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South Korea's Central Bank Plans to Restart CBDC Testing

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South Korea's central bank has sent formal documents to major banks for a second CBDC test, with methods and timelines still under discussion. The new phase may use digital currency to distribute subsidies, aiming to limit misuse and cut costs. The first test, launched in April, was halted due to low practical value and high financial strain. CBDC development could impact liquidity and crypto markets, while also supporting efforts in Countering the Financing of Terrorism.
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