South Korea to Pilot Blockchain Deposit Token for Government Department Fee Payment

BlockBeats News, April 16th, according to Newsis, the South Korean Ministry of Economy and Finance stated that a pilot project for using digital currency in treasury funds execution has been selected for the 2026 Directed Regulatory Sandbox topic. Currently, government department business advancement expenses are mainly conducted through government procurement cards (credit cards / debit cards), and this pilot project will allow for the issuance and payment of blockchain-based deposit tokens.

The Korean government stated that this move is expected to enhance fund utilization transparency through predefined usability periods and industry scope, and to reduce the fee burden on small merchants by leveraging an intermediary-free payment structure. The pilot project is scheduled to officially launch in the fourth quarter of this year, initially in Sejong City, and then gradually expand to other areas.