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The Ministry of Economy and Finance of South Korea announced that the "Blockchain-based Digital Currency Treasury Payment Pilot" has been selected for the 2026 "Regulatory Sandbox" project.
The pilot will allow government departments to pay part of their operational expenses using blockchain "Deposit Tokens" for settlement instead of the current government procurement cards (credit/debit cards), and is planned to be implemented in Sejong City in the fourth quarter of this year, with the scope gradually expanded based on operational results.
(Newsis)