South Korean Lender Jeonbuk Bank to Launch Bitcoin-Backed Loans
Key Highlights: Jeonbuk Bank is launching South Korea’s first-ever bitcoin-backed loans denominated in Korean won. The bank will not hold the collateral directly, utilizing registered domestic virtual asset custodians and third-party liquidation frameworks to mitigate direct exposure. The service represents an initial milestone in Jeonbuk Bank President Park Chun-won’s strategic “Crypto Bank” initiative. South Korean ...