South Korea to Execute 25% of National Budget as Digital Currency by 2030

TLDR: South Korea will distribute one-fourth of its national budget through deposit tokens by 2030, beginning with electric vehicle charger subsidies this year.  Project Hangang tests deposit token circulation on blockchain platforms, with 100,000 citizens participating in the three-month pilot program.  Proposed stablecoin regulations require issuers to maintain 5 billion won capital and deposit 100% [...]

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