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South Korean banks scramble to develop cryptocurrency business plans ahead of regulatory overhaul
15 hours ago

As discussions regarding the legalization of stablecoins rapidly heat up, major South Korean commercial banks are accelerating their business plans related to cryptocurrencies and stablecoins. Shinhan Bank, Woori Bank, and KB Kookmin Bank have established dedicated working groups on digital assets. Woori Bank has formed a nine-person team to advance its stablecoin and digital wallet business and has also partnered with blockchain startups. KB Financial Group has established a digital asset response committee to coordinate resources across its insurance and securities subsidiaries.

Currently, the South Korean National Assembly is reviewing several crypto reform bills, including one allowing financial institutions to issue stablecoins. Banks believe that early preparation can help them seize the initiative, and they have applied for 81 stablecoin-related trademarks. Furthermore, regional banks such as KEB Hana Bank and Busan Bank have established blockchain research teams, and Upbit partner K Bank has established a digital asset task force. Industry insiders say that while legislation will take time, early preparation will facilitate the rapid launch of services once the policy is implemented. (Cryptonews)

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周榜
"Whales with 75% Win Rate in Four ETH Battles" Reduce Short Positions by 20,000 ETH with Stop-Loss
In the past hour, the total network liquidation expanded by more than 45 million US dollars, of which ETH liquidation was 21.2251 million US dollars
The “Insider Whale” closed its XRP and SOL short positions half an hour ago, with a cumulative loss of $1.644 million
LTC breaks through 119 USDT, up 9.55% in 24 hours
Market News: pump.fun is testing a "rewards" feature on its website
Over the past hour, the entire network has experienced a liquidation of over $20 million, mainly due to short positions.