Bitcoin is trading at $83,500 after rebounding from the $80,300-$80,400 area, partially reversing an approximately 3% weekly decline. Jeonbuk Bank, part of JB Financial Group, has launched won-denominated loans backed by bitcoin for corporate clients. The mechanism relies on bitcoin held by a specialized custodian, with recovery possible through court-supervised procedures. Loan terms, including LTV limits and rates, have not been disclosed, leaving the scale of potential demand unclear. This initiative represents a meaningful institutional signal for bitcoin adoption in conventional finance.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
