The Bank of Korea advances commercialization of deposit tokens, raising concerns in the banking industry

According to a report by National Business Daily, ChainCatcher reports that the Bank of Korea (the central bank) is advancing its deposit token project with the clear goal of full commercialization, rather than being limited to a pilot phase. The Korean banking industry has expressed concerns, pointing out that subsequent phases—including supporting peer-to-peer transfers and expanding use cases—require processes equivalent to launching entirely new businesses, and they have requested an adjustment to the project timeline.