South Korea to pilot tokenized deposits for government spending

South Korea to pilot tokenized deposits for government spending

3.23%TRX$0.3262 1.19%LINK$9.26 2.19%ADA$0.2487 3.56%BCH$439.40 1.03%XRP$1.41 4.55%ETH$2,339 0.84%BTC$74,617 0.82%XMR$342.66 0.39%BNB$623.16 1.19%XLM$0.161 3.11%SOL$85.19 2.38%HYPE$45.34 3.52%USD Written by Ezra Reguerra,Staff WriterReviewed by Bryan O'Shea,Staff EditorSouth Korea to pilot tokenized deposits for government spending1 hour agoThe sandbox will test preset spending limits, timing controls and category restrictions for public sector expense payments. South Korea’s Ministry of Economy and Finance (MOEF) is preparing to test blockchain-based payments for certain government expenses under a regulatory sandbox exploring distributed ledger technology (DLT)-based financial infrastructure. The ministry said on Thursday that it selected a pilot project that will use tokenized deposits to execute government operational spending, with a full rollout targeting the fourth quarter of 2026.

Source: https://cointelegraph.com/news/south-korea-pilot-tokenized-deposits-government-spending?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound