South Korean bank launches Bitcoin-backed business loans: Report


Jeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate customers, with a third-party custodian holding the cryptocurrency used as collateral.



Source link

  • Related Posts

    Kraken Parent Receives VARA Approval for UAE Expansion

    Payward, the parent company of cryptocurrency exchange Kraken, has received approval from the Virtual Assets Regulatory Authority (VARA) for its local entity, Payward FZCO, to provide crypto services. At launch,…

    France Lawmakers Back $112K Crypto Wallet Disclosure Proposal

    French lawmakers have backed a proposal that would require holders of self-custodied crypto assets to report holdings equal or above 100,000 euros ($112,000) or face penalties.  The amendment, numbered I-CF821,…

    Leave a Reply

    Your email address will not be published. Required fields are marked *