April 6, 2020 The central bank of South Korea has launched a digital currency pilot program.

South Korea’s central bank, the Bank of Korea, announced on Monday that it has launched a pilot program for a central bank digital currency (CBDC). The project will operate until December 2021 during which bank officials will study the operation, to evaluate the legal and technical requirements for launching a fully operational CBDC. The bank has not yet decided whether the currency will use blockchain technology. The announcement comes following a similar announcement by the French central bank last week.