South Korea to Use Blockchain Deposit Tokens for Government Operating Expenses

Uk Jin

Summary

Government ministries and public institutions in South Korea are set to use deposit tokens to pay operating expenses.
The Ministry of Economy and Finance said a pilot project for treasury payments using blockchain-based digital currency had been selected as a regulatory sandbox project.
The ministry said the regulatory sandbox designation makes it possible to use deposit tokens instead of government purchasing cards for operating-expense payments.

Forecast Trend Report by Period

South Korea plans to use deposit tokens to pay operating expenses at government ministries and public institutions.

The Ministry of Economy and Finance said April 16 that a pilot project for treasury payments using blockchain-based digital currency had been selected as a 2026 planning-type regulatory sandbox project overseen by the Office for Government Policy Coordination, according to Newsis.

The regulatory sandbox designation makes it possible to use deposit tokens, instead of government purchasing cards, for operating-expense payments.