South Korea’s Digital Bank Kakaobank2025’s first semi -financial results release announced that it plans to enter the Won -based crypto currency market and offer a stablecoin. According to Zdnet’s news The Bank aims to carry the KYC and AML monitoring experience obtained with real name verifying accounts to crypto money operations. The plan coincides with the new regulatory framework of the country.
Kakaobank’s stablecoin preparation
CFO of Kakaobank KWON TAE-HOONIn explaining the first half of the 2025’s financial results, they evaluated crypto currency export and storage options. With the real name approved account system, the risk management practices they have been maintaining for three years provide the basis for creating safe infrastructure in crypto currency transactions. Simultaneously with the bank Cocoa group crypto task force continues to work. According to KWon, stability and technological competence are the most critical factor in this field.
Also kakaobank, South Korea Central BankCentral Bank’s digital currency (CBDC) attempt. In the experiment, digital wallet opening, money transfer and transfer tests were performed. This process strengthened both regulatory collaborations and operational infrastructure.
South Korea’s Stablecoin Editing Framework based on Won
Newly elected president Lee Jae MyungHe announced that he would encourage the crypto currency market based on Won in order to prevent capital output. This regulation, which was promised in the election campaign, gained concrete with the basic bill of law submitted by the ruling party deputy.
The bill is based on Won stablecoin It aims to provide a clear legal framework to its exporters and intermediaries. When the regulatory work is completed, banks and fintech companies will be able to offer various new products based on WON directly to the market.
Mobility is increasing in the private sector. Kakaopay for crypto currency symbols in June He made a registration application. This step of the country’s leading payment service provider points out that the competition will soon become hot.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
