South Korea to pilot digital vouchers based on CBDC deposit tokens
South Korean Ministry of Science and ICT and the Korea Internet Security Agency (KISA) announced an investment project aimed at promoting the development of the domestic blockchain industry. The project will invest 20 billion won (14.5 million US dollars) in 14 projects. One of the larger public sector projects involves central bank digital currency (CBDC) and digital vouchers. This plan is one of only three projects to receive a budget of 3 billion won (2.2 million US dollars).
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