Today PaxNet reported that HDAC Technology, founded by the CEO of Hyundai BS&C, is in discussions with the Bank of Korea about central bank digital currency (CBDC) custody. While it’s currently only at the talks stage, the report says the digital won work is likely to start within the month. When the company first launched in 2017, its first solution was the Hyundai Pay Cold Wallet.
PaxNet contacted the central bank, which said no decision had yet been made, and it is in discussions with commercial banks as well.
Late last year, the Bank of Korea (BOK) confirmed it was discussing central bank digital currencies (CBDC) with private blockchain firms, including domestic public blockchain Klaytn.
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