That deadline was extended until Oct. 29 after it received only one bid, from the EY Hanyoung Consortium, a group led by big four auditing firm Ernst & Young, SDNet South Korea reported on Oct. 20.
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South Korean digital won testing advances
South Korea’s central bank will distribute an experimental digital currency and oversee its circulation, but is still not sure if it will deploy the digital currency
Bank of Korea’s distribution and circulation test is the final part of a three-phase digital currency pilot program. During this stage, the central bank will distribute its central bank digital currency CBDC and oversee its circulation.
