@bendunia
In June, MSIT and the Korea Internet and Security Agency (KISA) allocated a budget to the Bank of Korea for developing a smartphone-based voucher program. These vouchers are intended for purchasing welfare, cultural, educational, and other goods and services. Consequently, the Bank of Korea has developed a digital voucher management platform to address the complexities and fraud risks associated with paper vouchers. The vouchers will utilize Singapore's Purpose-Bound Money (PBM) model, which encapsulates deposit tokens within smart contracts and defines their usage conditions.
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