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Istanbul, Turkey – South Korean blockchain firm TokenSquare announced its active participation in the Istanbul CBDC Conference, where it took part in high-level discussions on the future of Central Bank Digital Currencies (CBDCs). The conference brought together central banks, financial institutions, and technology providers from around the world to explore CBDC design, policy decisions, and the technical challenges surrounding their implementation.
At the conference, TokenSquare joined major central banks, including those from the UK, Spain, Estonia, the Philippines, Switzerland, and Germany, to discuss the integration of tokenized central bank currencies in the broader financial ecosystem, as well as the future of offline payment systems. TokenSquare also presented its innovative technology solutions to these global players.
One of the highlights of the conference was the participation of the Bank of Korea, which attracted significant international attention to Korea's ongoing CBDC research and pilot projects. This served as a key moment to strengthen the possibility of international collaboration in CBDC technology.
Eun-Jung Oh, CEO of TokenSquare, emphasized, "Countries working on CBDC projects are commonly facing challenges related to privacy, offline payments, and cross-border transactions." She further stated, "It’s time for South Korea to align with global trends by establishing regulatory frameworks and policies for the tokenization of currency." Oh stressed the importance of regulatory preparation to ensure that South Korea can play a leading role in CBDC and tokenization technology.
International financial institutions, including the IMF, were also present to discuss the design and policy challenges of new CBDC systems like the digital euro. The latest updates on the Bahamas’ SandDollar project, presented by the Central Bank of the Bahamas, garnered considerable attention as well.
Additionally, blockchain firm nChain showcased practical applications of its blockchain-based, scalable, and secure CBDC solutions, offering key insights into addressing the technical challenges that arise during CBDC adoption.
Through its participation in these global discussions, TokenSquare underscored its focus on technological innovation and integrated solutions, reaffirming its commitment to driving the future of financial innovation.
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