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South Korea's Jeonbuk Bank Launches Bitcoin-Backed Loans

Original: South Korea's Jeonbuk Bank Launches First Bitcoin-Backed Loans Jeonbuk Bank has become the first South Korean lender to

Jeonbuk Bank has become the first South Korean lender to offer won-denominated loans backed by bitcoin, targeting corporate clients. The move marks a notable step in the integration of cryptocurrency with mainstream banking in South Korea, one of the world's most active crypto markets, and may prompt other domestic banks to follow suit.

Why now: It is a first for South Korean banking, signaling growing institutional acceptance of bitcoin as collateral.

Jeonbuk BankSouth KoreaBitcoin

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Evidence

• South Korea's Jeonbuk Bank Launches First Bitcoin-Backed Loans Jeonbuk Bank has become the first South Korean lender to offer won-denominated bitcoin-backed loans for corporate clients. https:// newisty.com/blog/south-koreas-… · newisty

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