South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report
The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.
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The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.
The fund snapped up COIN at an average price of $70.5 in the third quarter, achieving a 40% profit from investment.
Koreans trade differently to the rest of the world, market data shows.
The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund.
Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market.
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