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Jeonbuk Bank launches Bitcoin-backed business loans in South Korea

Original: South Korea's Jeonbuk Bank Starts Bitcoin-Backed Business Loans Jeonbuk Bank reportedly became South Korea's first comme

Jeonbuk Bank has reportedly become the first commercial bank in South Korea to accept Bitcoin as collateral for corporate loans. The move follows new court rules that took effect on October 1, opening the way for banks to use cryptocurrency in lending. The decision marks a notable step in mainstream financial institutions integrating digital assets.

Why now: It signals South Korean banks are beginning to adopt crypto assets under newly effective legal rules.

Jeonbuk BankSouth KoreaBitcoin

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Evidence

• South Korea's Jeonbuk Bank Starts Bitcoin-Backed Business Loans Jeonbuk Bank reportedly became South Korea's first commercial bank to accept Bitcoin as collateral for corporate loans, following new court rules effective Oct 1. https:// newisty.com/blog/south-koreas-… · newisty

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