Loans use third-party custodians for bitcoin holdings and rely on court-ordered sales if borrowers default. Jeonbuk Bank became South Korea's first lender to offer bitcoin-backed loans, available exclusively to corporate clients. Loans use third-party custodians for bitcoin holdings and rely on court-ordered sales if borrowers default. The product could expand crypto collateral adoption across South Korea's banking industry under existing laws. Jeonbuk Bank has started offering bitcoi…
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