South Korea stablecoin race heats up as KB tests offline payments
KB Financial completed a won stablecoin pilot for offline QR payments and Vietnam remittances, cutting fees 87% as Korea crypto rules wait.
Cointelegraph·
South Korea’s FSC is reportedly reviewing Hana Bank’s $668 million Dunamu stake under “banking-commerce separation” rules that limit bank ownership tied to crypto firms.
Read full articleKB Financial completed a won stablecoin pilot for offline QR payments and Vietnam remittances, cutting fees 87% as Korea crypto rules wait.
The parent company of South Korea’s largest bank completed a stablecoin payment pilot ahead of the country's proposed digital asset framework.
South Korea’s FSC is reviewing Hana Bank’s $668M Dunamu stake under bank-commerce rules as finance firms push deeper into crypto assets now.
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Hana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s largest crypto exchange, Upbit. The deal marks one of the clearest signs yet that major Korean banks are moving deeper into digital assets. Kakao Sells $670M Dunamu Stake to Hana Bank Hana Bank has agreed to acquire a significant stake in […]
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