S Korea Claims Cross-border CBDC Success, Chinese Bank Chief Says e-CNY Will Boost Trade

East Asia could become the central bank digital currency world's center of gravity - with major cross-border functionality advances on the cards in China and South Korea. In South Korea, the central Bank of Korea (BOK) has claimed that its "second phase" of pilots has now been "successfully completed." The bank claimed that it has tested the prototype digital KRW's functionality for cross-border transactions....