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South Korea’s and Japan’s Central Banks Will Start Testing their CBDCs in 2021

In April 2020, after several years of work, the Chinese Government announced the starting of the tests of the country’s central bank digital currency (CBDC), DCEP (Digital Currency Electronic Payment), in four major cities. However, many other Asian countries have shown their interest in developing and potentially deploying their own CBDCs. This list includes countries like Thailand, Cambodia, Vietnam, Philippines… as well as Korea and Japan.

In this article, Dr Oriol Caudevilla will focus on Japan and Korea’s interest in CBDCs.

Oriol Caudevilla
Oriol works as a Management Consultant at AirHelp, Advisor for a Hong Kong-based FinTech company, ixFintech, Strategic Advisor at a Hong Kong-based WealthTech company, ETFCool, Strategic Advisor at ScallopX and FinTech Mentor at F10 Incubator & Accelerator, Singapore. Oriol is member of the Blockchain, Digital Banking and Greater Bay Area Committees at the Fintech Association of Hong Kong (FTAHK), as well as the Singapore Fintech Association (SFA). He is Fellow at the Digital Euro Association (D€A) and at the Singapore University of Social Sciences (SUSS), and Member of the Advisory Council at the Blockchain Council.