South Korea will pilot blockchain-based deposit tokens for government spending.

CoinFeed reported on April 16 that, according to Newsis, the South Korean government plans to launch a pilot project to change the payment of government department expenses from credit cards to blockchain-based deposit tokens. The project has been selected as a 2026 planning regulatory sandbox project, "Pilot Project for Treasury Fund Execution Based on Blockchain Digital Currency," overseen by the Office for Government Policy Coordination. This is the second time the Ministry of Finance has attempted to apply blockchain technology to treasury fund disbursements; previously, a pilot program was launched last month to subsidize electric vehicle charging station installation companies with deposit token payments. The current Treasury Funds Management Act stipulates that government expenses must be paid through government-purchased cards (credit/debit cards), restricting the use of deposit tokens. This regulatory sandbox provides a basis for verification.