Japanese messaging giant LINE developing CBDC platform
The platform would aid central banks in Asia with developing a central bank digital currency. LINE, a Tokyo-based subsidiary of the South Korean internet search engine company Naver, is building a platform for developing central bank digital currencies, South Korean news agency The Chosun Ilbo reported on Oct. 19.Sources familiar with the matter reportedly told The Chosun that LINE aims to support the development of a so-called “customized CBDC.”The messaging company is discussing the application of its blockchain-based CBDC platform with several central banks in major Asian countries,....
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