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CryptoMediumUpdated×4•Originally published 16 April 2026•Updated 18 April 2026•

1 min read

South Korea Launches Pilot for Blockchain Deposit Tokens in Government Spending

A glowing blue digital whale with circuit patterns and binary code floats above a network grid, with a large purple hexagon in an orange background.

Key Facts

1South Korea's Ministry of Finance and Economy is launching a pilot to replace government expense credit cards with blockchain-based deposit tokens.

about 2 months ago

Version History

Version 4about 2 months ago

What changed: The story was updated to include the South Korean President's prioritization of Bitcoin and cryptocurrencies within the national strategy and its expected impact on institutional demand.

Version 3about 2 months ago

What changed: The story was updated to include the imposition of uniform cryptocurrency withdrawal criteria and the removal of exchange discretion as part of a new anti-phishing crackdown.

Version 2about 2 months ago

What changed: The story was updated to include details of a new draft bill regulating stablecoins and Real-World Assets (RWAs), including a ban on stablecoin interest payments.

Version 1about 2 months ago

What changed: The story was updated to include new regulatory tightening by the South Korean FSC and cybersecurity warnings regarding North Korean hacking threats against digital platforms.

South Korea's Ministry of Finance is pioneering a pilot program to replace government credit cards with blockchain-based deposit tokens to streamline public expenditures. In a significant strategic shift, the South Korean President has now prioritized Bitcoin and cryptocurrencies as central pillars of the country's national strategy. This pro-crypto stance from the highest level of government is expected to significantly boost institutional demand and influence global regulatory approaches to digital assets. Simultaneously, the government has imposed uniform criteria for cryptocurrency withdrawals as part of an anti-phishing crackdown, while a new draft bill seeks to place stablecoins and Real-World Assets (RWAs) under existing finance laws. The Financial Services Commission (FSC) continues to push for technical standards to ensure interoperability across blockchain networks. This comprehensive approach underscores Seoul's commitment to integrating digital currencies into the national economy while establishing a leading global framework for crypto regulation.