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Deep Tide TechFlow News: On April 16, according to Newsis, South Korea’s Ministry of Economy and Finance said that the “Blockchain-based Digital Currency for Treasury Fund Execution Pilot Project” has been selected as a targeted regulatory sandbox topic for 2026.
Under the pilot, business advancement fees for government departments will be changed from the current government procurement card to be issued and paid through blockchain-based deposit tokens.
The South Korean government said this move is expected to improve transparency in the use of funds by setting predefined time windows and industry scope for use, and to reduce the fee burden on small merchants by using a payment structure with no intermediaries.
The pilot program is scheduled to officially launch in the 4th quarter of this year, first in Sejong City, and then gradually expand the scope of application.