South Korean authorities aim to involve around 100,000 citizens and major local banks in a pilot program to convert bank deposits into a central bank digital currency for purchases, exploring the use of tokenized deposits in daily transactions. Namibia, in contrast, was advised by the IMF to focus on instant banking payment solutions rather than issuing a central bank digital currency.
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South Korean authorities aim to involve around 100,000 citizens and major local banks in a pilot program to convert bank deposits into a central bank digital currency for purchases, exploring the use of tokenized deposits in daily transactions. Namibia, in contrast, was advised by the IMF to focus on instant banking payment solutions rather than issuing a central bank digital currency.