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26 July 2021

Bank of Korea selects Kakao’s blockchain arm for digital won tests

Bank of Korea selects Kakao’s blockchain arm for digital won tests


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The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots.

The central bank announced that Ground X will participate in the South Korean CBDC project in cooperation with United States-based blockchain company ConsenSys as well as other Kakao affiliates like KakaoBank and Kakao Pay.

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cointelegraph.com
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