# Bank of Korea Suspends its CBDC Project

*Author: Bankless*
*Published: Jun 30, 2025*
*Source: https://www.bankless.com/fr/read/bank-of-korea-suspends-its-cbdc-project*

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The Bank of Korea has paused its CBDC pilot as South Korea focuses on stablecoin legislation, signaling a shift toward private innovation.

## **What’s the Scoop?**
- **CBDC Development Paused**: The Bank of Korea has halted its central bank digital currency (CBDC) pilot program, putting discussions with banks on hold.
- **Stablecoin Bill Introduced**: South Korea's ruling party has introduced legislation to allow qualified firms to issue stablecoins, shifting focus to private sector solutions.
- **Privacy and Control Concerns**: CBDCs face criticism from the crypto community due to fears of state surveillance and lack of privacy, raising questions about their viability.
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