South Korean banks are preparing to enter the crypto and stablecoin market

Description

South Korea’s leading banks are eyeing faster entry into the crypto and stablecoin markets. The announcement comes as executives around the crypto industry predict upcoming laws at the national level will pave the way for mass issuance of stablecoins and other digital asset services. The move prompts the biggest lenders , including Shinhan, Woori, KEB Hana, and KB Kookmin, to create in-house task forces and digital asset teams. These dedicated divisions are creating crypto custody services, stab...