The Bank of Italy and the Bank of Korea have reached an agreement on CBDC cooperation

ChainCatcher news, according to Cointelegraph, the Bank of Italy has officially announced that it has signed a memorandum of understanding with the Bank of Korea (Korea Central Bank) regarding information technology and payment systems. According to the Bank of Italy, the memorandum will require "mutual sharing of knowledge and information" on information and communication technology (ICT) issues, specifically mentioning ICT issues related to real-time settlement systems and central bank digital currencies (CBDCs).

The Bank of Italy is primarily focused on the interoperability of transaction solutions based on distributed ledger technology (DLT) settled through hash-linked contracts. South Korea began piloting CBDC infrastructure technology in October of this year. The pilot includes private banks and public institutions, supported by the Bank for International Settlements (BIS).