Bank of Korea tested NFT trading, remittances with CBDC
The Bank of Korea (BoK) has developed and tested a program that facilitates cross-border remittances by linking different central bank digital currencies (CBDC) from other countries.
The experiment found that distributed ledger technology, which underlies crypto, does not yet have the scalability needed for a retail CBDC so it may be better to use the standard centralized ledger database.