Kakao Bank and Toss Bank are set to broaden their crypto operations in South Korea. Kakao Bank is enhancing its partnership with Coinone, while Toss Bank seeks to join the Open Blockchain and DID Association, indicating a robust approach to stabilize and innovate in the crypto market.
Following the elections, the new government is expected to embrace progressive crypto policies, including the launch of a Korean won-backed stablecoin. This environment encourages both banks to expand their services and meet emerging market demands.
Kakao Bank has filed for 12 trademarks related to crypto software and transactions, while Toss Bank has submitted 48 trademarks aimed at solidifying its position in the stablecoin sector. Both banks are prepared to adapt to the evolving regulatory landscape.
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