South Korea to Experiment with Tokenized Deposits for Government Spending

South Korea's Ministry of Economy and Finance announced on the 16th that it will conduct a pilot project using blockchain-based tokenized deposits for government spending. Previously, government cards were used for payments, but the aim now is to streamline operational processes using tokenized deposits. The selection of operators and other preparatory steps are underway, with plans to start comprehensive testing in the fourth quarter of 2026. According to the announcement, issues such as nighttime and weekend credit...