Major South Korean banks are ramping up their crypto initiatives, with Woori Bank launching a Digital Asset Team focusing on custody and blockchain. KB Kookmin Bank has filed 81 trademarks related to stablecoins, signaling growing interest in the digital economy.
The Digital Asset Basic Act (DABA) aims to create a unified legal framework for digital assets in South Korea, differing from the fragmented regulations in the U.S. This clarity could inspire models for other countries.
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