Bank of Korea’s CBDC Trial Lacked Independent Security Audits: Report

The Bank of Korea’s first central bank digital currency (CBDC) pilot was carried out without formal inspections during or after the trial, according to data submitted by South Korea’s Financial Supervisory Service (FSS).  The only security checks conducted before the pilot began relied largely on self-assessments by participating banks, raising questions over independent oversight as […] Read The Full Article Bank of Korea’s CBDC Trial Lacked Independent Security Audits: Report On Coin Edition.