🚨 SOUTH KOREA BANKS & CBDC TEST: South Korea’s six major banks — KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, and Industrial Bank of Korea — have notified the Bank of Korea (BOK) of their intent to actively consider participating in tests related to national treasury subsidy distribution.



🔥 Background: Since late August, the BOK’s Digital Currency Office has been contacting virtual asset heads at each bank individually via phone to solicit participation intentions.

📋 Test Focus: The tests will primarily verify whether the government can distribute digital currency to subsidy recipients and utilize existing treasury-disbursed subsidies or government-guaranteed vouchers.

#SouthKoreaBanks # BankOfKorea #CBDCTest # DigitalCurrency #TreasurySubsidies
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