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Public Officials' Business Expenses to Become Payable in Blockchain Digital Currency

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  1. The Ministry of Science and ICT held a meeting of the ICT Regulatory Sandbox Review Committee and designated nine demonstration special exemptions, including a pilot project allowing public officials' business expenses to be paid in blockchain digital currency.
  2. Six banks will take part: KB Kookmin Bank, NH Nonghyup Bank, Shinhan Bank, Woori Bank, Industrial Bank of Korea and Hana Bank. Public officials will be able to pay by smartphone QR code through the common app of the Korea Financial Telecommunications and Clearings Institute.
  3. Electronic notification and electronic voting for urban redevelopment projects have also been permitted, while registered mail and written voting will continue to apply to those who do not consent.

Summary written by AI from the original article · 88 languages

Public Officials' Business Expenses to Become Payable in Blockchain Digital Currency

Read the full article (machine translation) → Original article (Korean): 공무원 업무추진비, 블록체인 디지털화폐로 결제 가능해진다

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