South Korean Shinhan Bank pilots digital currency platform with LG CNS

Cointelegraph

Published Mar 10, 2021 06:57AM ET

Updated Mar 10, 2021 08:40AM ET

Major South Korean commercial bank Shinhan Bank is looking to collaborate with the country’s central bank on developing a national digital currency.

Shinhan Bank has developed a blockchain-based pilot platform for a central bank digital currency, or CBDC, in partnership with LG Corporation’s IT services arm LG CNS, South Korean news agency Yonhap reports Monday.

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