South Korea
Odaily
South Korea's First Bank-Issued Bitcoin-Collateralized Won Loan Launched by Jeonbuk Bank
- Jeonbuk Bank introduces the first Bitcoin-collateralized won lending product offered by a South Korean bank.
- The product allows customers to pledge Bitcoin holdings as collateral to obtain won-denominated loans.
- The launch signals growing acceptance of crypto-backed lending within South Korea's regulated banking sector.