South Korea to test blockchain deposit tokens for government spending in Q4
CoinDesk·3h ago·Neutral
What Happened
South Korea's Ministry of Economy and Finance will test blockchain-based deposit tokens for government spending starting in Q4 under a 2026 regulatory sandbox program. The pilot allows agencies to pay business promotion expenses using tokenized deposits instead of government purchasing cards. Token payments can be programmed with conditions like spending limits and approved industries, potentially reducing manual audits and transaction fees. The trial will occur in Sejong City after firm selection.
Key Entities
South KoreaMinistry of Economy and Financeblockchain deposit tokensTreasury Funds Management ActSejong Cityregulatory sandbox program