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BTCC / BTCC Square / Global Cryptocurrency /
South Korean Banks Accelerate Crypto Service Launches Ahead of Regulatory Shift

South Korean Banks Accelerate Crypto Service Launches Ahead of Regulatory Shift

Author:
Global Cryptocurrency
Published:
2025-08-04 13:52:02
4
1
BTCCSquare news:

South Korea's financial sector is pivoting decisively toward digital assets as major lenders prepare to roll out cryptocurrency and stablecoin services. Woori Bank and Shinhan Bank—both of which explored crypto ventures as early as 2018—are now establishing dedicated divisions ahead of anticipated stablecoin legislation.

The pro-crypto stance of President Lee Jae-myung's administration has spurred legislative committees to draft industry-friendly reforms. Banks are reportedly considering a consortium model to accelerate market entry, marking a stark reversal from the 2019 initial coin offering ban under former President Moon Jae-in.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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