Italy and South Korea central banks agree on CBDC cooperation

The Bank of Italy announced on Dec. 5 through its official channels that it has entered into a memorandum of understanding with the Bank of Korea – South Korea’s central bank- regarding IT and payment systems. 

According to the Italian central bank, this memorandum of understanding will entail the “mutual sharing of knowledge and information” when it comes to information and communication technology (ICT) issues.

Particularly, it mentioned ICT issues related to real-time settlement systems and central bank digital currencies (CBDCs).

The announcement said the meeting was attended by the general manager of the Bank of Italy, Luigi Federico Signorini, who signed off on the…

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