Woofun AI reports that the Bank of Korea is advancing its deposit-token initiative from the pilot verification phase into the commercialization stage. The upcoming testing cycles will encompass expanded use cases, including personal transfers, merchant transactions, and government fund payments.

The banking sector indicated that resource allocation for the project has reached a threshold sufficient to support new services. Consequently, financial institutions are calling for strengthened anti-money laundering protocols, rigorous monitoring of suspicious transactions, and continued system development, alongside requests for adjustments to the project’s implementation timeline.