The Korea Federation of Banks (KFB) may request South Korea’s incoming presidential administration to approve local banks servicing cryptocurrencies, according to a leaked draft report. See related…
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South Korean regulators are reviewing Hana Bank’s plan to buy a 6.55% stake in crypto exchange operator Dunamu. The Financial Services Commission (FSC) said it is checking whether the deal breaks existing rules that separate banks from virtual asset businesses. The review comes as authorities try to manage growing pressure…
Stablecoins have stopped being a niche crypto product. They are scaling into systemically important payment rails, and Asian regulators are now shaping who gets to issue them and under what rules. A weekly roundup from WuBlockchain captures the acceleration: Japanese banks are preparing to issue stablecoins, Hong Kong expects to…