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<h2 id="span-data-font-font-size-style-font-size-19px-bank-of-international-settlements-backs-the-global-cbdc-initiative-span-br">Bank of International Settlements Backs the Global CBDC Initiative </h2>
The Bank of Korea plans to invite 100,000 citizens for a three-month <a href="https://www.coingabbar.com/en/crypto-currency-news/reserve-bank-of-india-to-assist-uae-in-developing-interoperable-cbdcs" class="f-link" style="font-size: 16px; background-color: rgb(255, 255, 255);" rel="noopener noreferrer nofollow">central bank digital currency</a> (CBDC) pilot starting around September to October 2024. Participants can use the CBDC for payments only, testing feasibility and effectiveness.&nbsp; 
The Korea <a href="https://www.coingabbar.com/en/crypto-blogs-details/five-best-crypto-exchanges-in-india-that-you-cannot-miss-to-know" class="f-link" style="" rel="noopener noreferrer nofollow">Exchange</a> and the BOK will work together to replicate trading in carbon emissions. The BIS is supporting the global CBDC initiative.

Bank of Korea's CBDC Pilot, Citizens to Test Digital Currency

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