South Korea this time included deposit tokens in the pilot program for business promotion expenses, focusing not on blockchain itself but on changing the way fiscal expenditure constraints are implemented.

Previously, money was spent first, then explanations were provided. There were regulations on timing and purpose, but execution still relied on human judgment and supplementary explanations, leading to ongoing tension between efficiency and oversight.
Now, these restrictions are directly embedded into the funds; if the timing isn't allowed or industry conditions aren't met, the money can't be spent, saving a lot of post-verification work.
The change is straightforward: shorter processes, clearer pathways, fewer intermediate steps, and small merchants receive amounts closer to the actual funds.
At the same time, many actions that previously required approval or reporting are handled in advance by the system.
This time, they used deposit tokens instead of stablecoins, which is also quite key.
Funds still stay within the banking system, just with an added layer of rule-based control, without touching the currency itself, making it easier to integrate into existing fiscal processes.
They first run a trial in a regulatory sandbox to observe the effects—whether it can reduce misuse, if new friction arises, or if rules need correction—before deciding whether to expand.
If the pilot goes well, it won't just be for promotion expenses.
Subsidies and special funds can also be converted into conditional money.
At that stage, the government disburses not just funds but also a set of predefined usage rules.
#区块链 # Regulatory sandbox #Deposit tokens