Bank of Korea to Promote Consulting Project for CBDC Pilot System
[Asia Economy Reporter Eunbyeol Kim] The Bank of Korea announced on the 30th that it will promote an external consulting project to establish a pilot system for central bank digital currency (CBDC).
Through this project, the Bank of Korea plans to design the CBDC business process and system to be utilized in the 'CBDC Pilot System Establishment' project scheduled for next year.
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The project will be conducted through a restricted competitive (total amount) bidding, and the successful bidder will be determined through a negotiated contract. The request for proposals for selecting the consulting firm will be released on the 31st, and institutions wishing to participate must submit the proposal along with the required documents to the Bank of Korea. For more details, please refer to the Bank of Korea (www.bok.or.kr) and Public Procurement Service's Nara Market (www.g2b.go.kr) websites.
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