The Bank of Korea promotes the commercialization of deposit tokens, raising concerns in the banking sector
By: rootdata|2026/06/23 04:45:01
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According to the Daily Economic News, the Bank of Korea (central bank) is advancing its deposit token project, with a clear goal of full commercialization, rather than being limited to the pilot phase. The Korean banking industry has expressed concerns, pointing out that the subsequent phases—including supporting peer-to-peer transfers and expanding application scenarios—require processes equivalent to launching a new business, and has requested adjustments to the advancement timeline.
According to a document submitted by the Bank of Korea Federation to the office of National Power Party member Lee Hyun-seung, the central bank and commercial banks are planning to conduct follow-up tests to lay the foundation for the formal introduction and widespread application of deposit tokens, aiming to achieve uninterrupted continuous operation.
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