BoK and Samsung strengthen ties on offline CBDC research
Central bank and tech giant to look at ways to minimise security risks with offline CBDC payments
The Bank of Korea and Samsung Electronics said they will press ahead with their research on an offline central bank digital currency (CBDC).
The central bank said it signed a memorandum of understanding with the South Korean tech giant on May 15. The two sides agreed to continue their research on CBDC and work together in the offline payments sector.
Samsung has been a key participant in the central bank’s ongoing research on CBDC. It joined the central bank’s pilot on CBDC in 2021.
“We have
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com