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Samsung Electronics is reportedly going to be a part of South Korea’s central bank digital currency (CBDC) pilot project. Samsung wants to know whether it is possible to "conduct payments via mobile phones using the digital currency with no internet availability," according to an unnamed source, cited in the report. Bank of Korea's (BOK) CBDC pilot will be tested in two phases. The first phase, which runs from this month until December, will determine the technology required. The second phase, which will run from January until June of next year, will focus on real-life transactions and settlements.
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