South Korea just cracked open the door to bitcoin-backed banking, according to local reports. Jeonbuk Bank has executed the country’s first reported traditional bank loan secured by bitcoin, allowing businesses to borrow Korean won without selling their coins or surrendering ownership to the lender. A Bitcoin Loan Without Touching Bitcoin Jeonbuk Bank, a subsidiary of […]
Source: https://news.bitcoin.com/finance/south-koreas-bitcoin-lending-experiment-begins-at-jeonbuk-bank/
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