according to materials from the site - By Cryptopolitan_News

Leading banks in South Korea are striving to accelerate their entry into the cryptocurrency and stablecoin markets. This statement was made against the backdrop of forecasts by cryptocurrency industry leaders that future national laws will pave the way for the mass issuance of stablecoins and other services related to digital assets.

This move encourages major lenders, including Shinhan, Woori, KEB Hana, and KB Kookmin, to create internal working groups and teams focused on digital assets. These specialized units are developing services for cryptocurrency storage, stablecoins, digital wallets, and blockchain partnerships.

Among such units is Woori Bank. As part of its latest move, the bank has created a digital asset team that currently operates under the business alliance new platform development department. This team is responsible for the research and development of these services within the bank's strategic operations.

The bank is also relaunching an old crypto project by entering into a business agreement with a blockchain startup to return to the cryptocurrency storage market.

According to Maeil Business, Woori Bank plans to sign a business agreement and form a consortium with other companies for an active entry into the stablecoin market. This agreement and consortium have already come into effect as of November last year.

KB Kookmin Bank is not falling behind. In June, it created a Digital Asset Response Council. This group coordinates a systemic approach across numerous subsidiaries of KB Financial Group, including credit cards, insurance companies, and securities firms. The council develops rapid response strategies to policy changes and actively fosters partnerships with internal and external players.

Lawmakers are responding quickly to political changes.
These are radical changes compared to what was just a few years ago. The largest Korean banks were preparing to tackle cryptocurrency challenges in 2018 and 2019. However, this idea was postponed after the Moon Jae-in administration banned initial coin offerings (ICO) and imposed strict regulations on all cryptocurrency-related services.

But now, under President Lee Jae-myung, everything has changed. Lee has been an active supporter of innovations in digital finance and the implementation of blockchain, and after taking office in the summer of 2025, he introduced a regulated crypto infrastructure. Thanks to the friendly policies of his administration, the dying cryptocurrency market in the country has begun to revive.

In response, South Korean lawmakers are considering several reforms aimed at supporting the industry. These proposed laws are currently under review in various committees of the National Assembly and may be passed in the coming months. The bill is expected to provide a legal framework for the issuance of stablecoins, cryptocurrency storage services, and possibly digital asset exchanges managed by traditional financial institutions.

Banks view the anticipated legislative changes as a green light. According to Maeil Kyungjae, the country's leading business newspaper, banks are quickly adapting to evolving markets.

An insider from the banking sector told the publication that while the reforms have not yet been implemented, it will take time for them to be realized. Therefore, the insider explained, the industry believes that preliminary preparation will allow companies to quickly enter the market once lawmakers introduce new legislation. Lenders are targeting markets with stablecoin trademarks.
In addition to forming teams, banks are taking additional steps to protect their future interests in the crypto space. Shinhan Bank has formed a target group of 20 people focused on the research and development of digital asset services.

KB Kookmin Bank is leading in intellectual property protection. It has submitted 32 applications for trademark registration for stablecoins based on the Korean won and another 49 for stablecoins based on other currencies.

Regional and even smaller institutions are preparing for this. A specialized target group for digital assets has been created by K Bank, a tech-oriented bank known for its collaboration with Upbit, one of South Korea's largest cryptocurrency exchanges. Another regional organization, Busan Bank, has a blockchain research group evaluating the application of distributed ledger technology in the financial industry.


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