CoinDesk·BTC
South Korea just got its first traditional bank loans backed by bitcoin
Loans use third-party custodians for bitcoin holdings and rely on court-ordered sales if borrowers default.
Also covered by 4 outlets
- Crypto Briefing ↗Jeonbuk Bank launches South Korea’s first Bitcoin-backed loans for corporate clients
- Cointelegraph ↗South Korean bank launches Bitcoin-backed business loans: Report
- Unchained ↗South Korea’s Jeonbuk Bank Lends Won Against Bitcoin, Using Court Sales for Defaults
- Cryptonews ↗Bitcoin Price Prediction: BTC as Collateral? South Korea Bank Makes Its Move
More news
- DecryptBitcoin Ranges Near $83K as Traders Look to US Inflation Data
- CoinDeskBitcoin holds $83,000 as dollar strength keeps markets on edge
- CointelegraphBTC price support holds ahead of US CPI data: Three things Bitcoin traders need to know this week
- BeInCryptoBitwise CIO Ranks 4 Crypto for Long-Term Growth, Starting With Bitcoin
- Bitcoin.com NewsShorting XRP, Bitcoin, Ether, SOL Has This NEAR Trader up $20 Million
- CoinDeskSWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI