Jeonbuk Bank Reportedly Issues Bitcoin-Collateralized Won Loan
Photo: Coincu
Jeonbuk Bank, a South Korean regional lender, has reportedly issued a Korean won loan collateralized by Bitcoin, according to circulating reports, marking what would be an early instance of a licensed domestic bank in South Korea extending fiat credit against a cryptocurrency asset. Loan terms, eligibility criteria, and regulatory approval status have not been independently confirmed as of publication. Reports describe Jeonbuk Bank as the issuing institution, with Bitcoin serving as the pledged collateral and Korean won as the disbursed currency.
Source: Coincu
